Azerbaijan, Baku, Dec.14 / Trend N. Ismayilova /
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and Terrorism Financing (MONEYVAL) held the 34th plenary meeting on Dec.3-7, within which Azerbaijan has acted in the role of an evaluating country, the Financial Monitoring Service under the Central Bank of Azerbaijan said today.
At the meeting Azerbaijan was represented by the head of the interdepartmental working group on combating money-laundering, chairman of the State Securities Committee Rufat Aslanli and the Financial Monitoring Service's leadership.
According to the agenda, the meeting considered over 30 issues, including the implementation of another initiative of a Sub-Group on International Cooperation (ICRG) of the Financial Action Task Force on Money Laundering (FATF), the issue of attracting a number of countries to the regime of "special monitoring", as well as the discussion of reporting of member countries in the sphere of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).
Azerbaijan analyzed reports on the second progress of Moldova on the sphere of AML / CFT and the Azerbaijani side jointly with the MONEYVAL Secretariat made reviews. Azerbaijan's reviews were welcomed by the secretariat MONEYVAL.
The plenary meeting also considered and adopted reporting on the second progress of Malta, Liechtenstein and Andorra, the first progress of Serbia. Also Albania, Bosnia and Herzegovina received time to prepare new statements until April 2011, as their reporting was not accepted.
It was also decided that there is no need to introduce "a special monitoring regime" in Ukraine, Croatia and Macedonia.
The next plenary meeting of MONEYVAL will be held April 11-15 2011.
Measures taken by Azerbaijan in the sphere of AML / CFT system were appreciated at the regular plenary meeting of FATF in June 2010. And in October, Azerbaijan was excluded from the FATF list, requiring "special attention".