Financial Investigation Unit will be Created in Azerbaijan
Azerbaijan voiced its wish to establish a financial investigation unit, the representative of the U.S. Embassy in Azerbaijan Kevin Selves told on October 30 in Baku at a conference organized by the U.S. Embassy in Azerbaijan, Council of Europe and Azerbaijani Government, Trend reports.
He stressed that today's meeting is a policy of relevant organizations to establish a co-operation framework in this sphere. Azerbaijan intends to adopt an appropriate legislation to combat money laundering, terrorist financing and other financial crimes. It demonstrates the desire of Azerbaijan to co-operate in fight with terrorism, Selves underlined.
Making a speech in the conference, the representative of the Council of Europe Ardit Abdiu emphasized that this organization co-operates with Azerbaijan in this sphere for many years, but a relevant conference is held for the fist time. She spelled out that the Council of Europe has conducted monitoring in Azerbaijan, and in summer of this year, a report was published with regard to the past two years in fight with terrorism. The report showed that large work has been done, but unsettled forecasts still remain. There is a need to adopt relevant legislative acts to combat money laundering.
The expert from Slovenia, Claudio Strolgio informed the participants of the conference about the models of the financial investigation units existing in the world. He said that there are several models of such organization administrative, control by the police and court-prosecutor co-operation. The expert added that 11 out of the 25 European Union member-countries use the administrative model, 11 police control and 3 hybrid models (justice and police). Strolgio provided 30 advices for the possibilities of creating the unit in Azerbaijan.