Azerbaijan learns about Austrian experience
Azerbaijan, Baku, April 16 / Trend, A. Akhundov /
The employees of the Azerbaijani State Securities Committee participated in the courses of the Austrian market regulator on "Mechanisms for determining suspicious transactions", the committee said on Monday.
The courses were held in Vienna within the EU instrument - TAİEX.
Specialists of the Azerbaijani State Securities Committee examined Austria's experience in determining and preventing the abuse of the information on the securities market, withdrawing the securities, accounting mechanisms for transactions concluded on the market.
According to the changes in the rules of monitoring the implementation of the law on "Combating money laundering or other property obtained as a result of crimes and terrorism financing", the State Committee has introduced a new reporting form for brokers and professional participants on asset governance, including investment funds and lottery organizers.
Thus, the Azerbaijani State Securities Committee has introduced risk-based supervision in the field of combating money laundering and other property obtained as a result of crimes and terrorism financing.