The expert of the Council of Europe, Claudio Stroligo, is expected to make a visit to Baku next week to consult on the directions of the fight with money-laundering and financial terrorism in Azerbaijan.
The Director General of the National Bank of Azerbaijan (NBA) and Head of the Inter-Departmental Working Group on Fight with Money-Laundering, Rufat Aslanli, informed Trend that he attended the conference Legal framework to combat money-laundering, financial terrorism and other financial crimes organized on October 30, 2006 in Baku by the U.S. Embassy in Azerbaijan, Council of Europe and Government of Azerbaijan.
The representative of the U.S. Justice Ministry arrived in Baku on January 24, 2007 to discuss the current situation and upcoming actions of the Government of Azerbaijan in this respect.
The international organization urged to create National Strategy and for several years, Azerbaijan has been measures on the base of the State Head task to strengthen the activities pf law-enforcement bodies in fighting money laundering, international criminality, corruption and human trafficking. In addition, institutional reforms have been held in accordance with the norms stipulated in the Conventions of UNO and FATF.
The law-draft On fight with money-laundering and financial terrorism envisages the experience of other countries and international. According to Aslanli, the consideration of the law draft has been scheduled for the spring session of the Azerbaijan Parliament.
Moreover presently work is being carried out to create financial exploration organization. There are four models of the financial exploration organization in the world вЂ" police, administrative, hybrid and prosecutor. Aslanov said that the model which is available for Azerbaijan will be described in the law.