Azerbaijan, Baku / corr. Trend I.Khalilova / The report of the Government of Azerbaijan on works done in the country to conform with 40 requirements of FATF and 9 requirements on prevention of financial terrorism was presented at the next plenary meeting of an expert group of the Council of Europe on laundry of 'dirty money', Moneyval.
The Deputy Chairman of the National Bank of Azerbaijan (NBA) Managing Board, also head of an interdepartmental working group on fighting against 'dirty money' laundry, Rufat Aslanly, said that constructive discussions were held over the report and as a result of the discussions, Azerbaijan undertook obligations to make all efforts to adopt the law-draft "On fight with money laundering and financial terrorism".
Despite that the law draft was included in the agenda of the Parliament of Azerbaijan, it has not been adopted yet. Aslanly said that the experts from the Council of Europe and US Justice Department had given recommendations on the law draft at 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 technical discussions were held within the plenary meeting of Moneyval on 22 February.
"Moneyval took into consideration that after the consultations, progresses will be made in adopting the law. The discussions in Strasburg concluded enough successfully," Aslanly said.