Azerbaijani Financial Monitoring Service: Global cooperation in fight against terrorism and criminal gangs to minimally reduce them
Azerbaijan, Baku, Feb. 17 / Trend N. Ismayilova /
The fight against money laundering and terrorist financing in today's world must be of international nature. It is necessary to unite all the initiatives, the head of the parliamentary committee on legal policy and institutional development, Ali Huseynov, said.
"Today, Azerbaijan has a modern legislative base in combating money laundering and terrorist financing. The efficient system was formed," Huseynov said during the first regional conference on "Combating legalization (laundering) of money or other property acquired by criminal means and financing of terrorism".
The conference was dedicated to the problem. It is urgent at the national and global levels, the head of the Financial Monitoring Service under the CBA Adishirin Gasimov said.
The Financial Monitoring Service is actively expanding its international cooperation. The task is one of the priorities of its activity.
"We believe that global cooperation of international organizations, countries and financial institutions in the fight against terrorism and criminal gangs will reduce their opportunities to a minimum. Combating transnational crime requires both regional and global cooperation," he said.
The main purpose of the two-day conference is to establish cooperation between different institutions and countries in this area, as well as to create opportunities to share experience and opinions.
"The OSCE Office in Baku effectively cooperates with the CBA and the financial monitoring service to improve efficiency in the fight against money laundering and the financing of terrorism. This conference is another example of our close cooperation, as experts and specialists from more than 20 countries attend it, the head of the OSCE Office in Baku, Ali Bilge Cankorel, said.
The conference is organized by the Financial Monitoring Service under the CBA, the Agency for International Development (USAID), OSCE Office in Baku and the Swiss State Secretariat for Economic Affairs (Seco).
The financial monitoring delegations from various countries, executive secretary of the CE Expert Group on the Evaluation of Anti-Money Laundering and Terrorism Financing (Moneyval) John Ringguth, chief consultant of the UN Office on Drugs and Crime, in general, about 50 foreign guests arrived in Baku.
The representatives of the Azerbaijani Presidential Administration, Azerbaijani Parliament, Azerbaijani central bank, ministries and state committees.
The conference will continue its work until February 18.