Plenary Meeting of Moneyval Commenced in Strasbourg

Business Materials 19 February 2007 19:26 (UTC +04:00)

The next plenary meeting of an expert group of the Council of Europe on the laundry of dirty money', Moneyval, commenced in Strasbourg on 19 February and will continue until 23 February Trend reports with reference to inter-departmental working group on fighting against dirty money' laundry. Azerbaijan will be represented at the event by the delegation headed by the Deputy Chairman of the National Bank of Azerbaijan (NBA) Managing Board, also head of an inter-departmental working group on fighting against dirty money' laundering, Rufat Aslanly. The meeting has been jointly organized by the Group of Financial Measures on Money Laundry Counteraction of the Organization for Economic Cooperation and Development (OECD) and FATF.

The working group has presented a report to Mo¬ney¬val on the work done in Azerbaijan to meet 40 requirements of FATF and nine requirements on the prevention of financing terrorism. A report by Azerbaijan, as well as other countries, will be considered at a Bureau under the framework of a plenary meeting. The Azerbaijani delegation will also participate in the gathering. At every Mo¬ney¬val meeting, held once every 3 years, the countries tell of work done towards the laundry of money and financing of terrorism