AML / CFT : Azerbijan removed from MONEYVAL watchlist
The Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) has decided to to remove “special monitoring regime” for Azerbaijan.
According to a statement from the The Financial Monitoring Service at the Central Bank of Azerbaijan MONEYVAL conducted a thorough review of the revised regime and declared itself satisfied and that there is no reason to continue special monitoring
"Now asimilar decision is expected from FATF as well," a spokesman said
That decision is due to be made on 18th October.
During the past year, the country has added jewellers, pawnshops and estate agents, auditors and notaries to the range of reporting institutions.
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