The Financial Monitoring Service of Azerbaijan’s Central Bank will send the National Action Plan on the elimination of risks in the fight against money laundering and terrorism financing to the World Bank in September 2015.
The National Plan was discussed by WB’s experts during a seminar held in Baku between June 30 and July 2.
At the event, World Bank experts Claudio Stroligo, Corey Votava, Giuseppe Lombardo, and Samir Maghreb commented on reports of vulnerabilities and threats that exist in this field.
Azerbaijan is also expanding cooperation with Turkey, Russia, and Macedonia in this field under the relevant presidential decree.
In accordance with the agreements signed between Azerbaijan and Turkey in Ankara this January and Azerbaijan and Macedonia in Strasburg this April, the countries are to cooperate in the exchange of financial information.