A three-day workshop was organised by the Economic Crime and Cooperation Division of the Council of Europe with the aim to support Azerbaijani authorities in the process of performing their second national risk assessment (NRA) in the field of anti-money laundering and countering the financing of terrorism (AML/CFT).
The workshop provided the competent authorities of Azerbaijan with methodological advice, good practices and lessons learnt for national assessments of money laundering and terrorism financing risks. The event also featured the experience of EU Member States in the process. Important issues raised during the workshop included data collection methods, assessment of virtual service providers, assessment of Designated Non-Financial Businesses and Professions and Non-Profit Organisations, as well as cross-border money laundering and terrorism financing threat assessment.
The main objective of this extensive endeavour is to contribute to the Azerbaijani authorities’ efforts to better identify, assess and understand their money laundering and terrorist financing threats and vulnerabilities, in order to enhance their national AML/CFT system and policies.
This workshop was organised within the framework of the project “Strengthening anti-money laundering and asset recovery in Azerbaijan”, funded jointly by the European Union and the Council of Europe and implemented by the Council of Europe in their Partnership for Good Governance II.
