Joint Programme

Partnership for Good Governance

Representatives from supervisory and financial intelligence units of Azerbaijan participated in a training aimed at strengthening their ability to detect and address money laundering and terrorist financing (ML/TF) risks across different sectors of the economy. The training also focused on discussing the critical role of developing and implementing an effective supervision strategy to address identified ML/TF risks.

Additionally, the training highlighted the importance of co-operation between national authorities and the private sector through the risk assessment process, including the need to raise awareness among businesses – both financial and non-financial – on how money laundering and terrorism financing can affect them.

Practical exercises helped participants build skills in collecting and analysing risk data, identifying key risk indicators, and promoted co-ordination. This, in turn, will lead to a more coherent, balanced and effective national system.

This event is part of the European Union and the Council of Europe joint programme “Partnership for Good Governance”, co-funded by the European Union and the Council of Europe, and implemented by the Council of Europe, in the framework of the project on “Preventing and fighting economic crime in Azerbaijan”.