Who we are!

The Financial Monitoring Service under the Central Bank of the Republic of Azerbaijan was established by the Decree #66 of the President of the Republic of Azerbaijan dated 23 February 2009.

The Financial Monitoring Service under the Central Bank of the Republic of Azerbaijan is the government authority that implements the powers identified by the legislation on the prevention of legalization of criminally obtained funds and other property and financing of terrorism in the Republic of Azerbaijan and “the Statute of the Financial Monitoring Service under the Central Bank of the Republic of Azerbaijan”.

The Financial Monitoring Service under the Central Bank of the Republic of Azerbaijan implements the state policy in prevention of legalization of criminally obtained funds and other property and financing of terrorism in the Republic of Azerbaijan, improves the supervision system and coordinates the activity of relevant government authorities.

The Financial Monitoring Service under the Central Bank of the Republic of Azerbaijan reports to the President of the Republic of Azerbaijan on its activity in  prevention of legalization of criminally obtained funds and other property and financing of terrorism.

Functions

The Financial Monitoring Service under the Central Bank of the Republic of Azerbaijan:

• collects, analyzes relevant information on combating legalization of criminally obtained funds and other property and financing of terrorism and in case of identifying crime elements in the transactions being conducted, sends that information to the competent government authorities;
• implements normative regulation in the field of combatting the legalization of criminally obtained funds and other property and financing of terrorism;
• implements the supervision functions in the field of combatting the legalization of criminally obtained funds and other property and financing of terrorism;
• ensures the introduction of integrated information system in the field of combatting the legalization of criminally obtained funds and other property and financing of terrorism;
• ensures the international relations of the Republic of Azerbaijan in the field of combatting the legalization of criminally obtained funds and other property and financing of terrorism.

Mission

Our mission is to prevent the legalization of criminally obtained funds and other property and financing of terrorism through obtaining the information from monitoring entities, its analysis and exchange.

Strategical vision

Our strategical vision is to ensure the establishment of reliable, transparent and safe system of combatting the legalization of criminally obtained funds and other property and financing of terrorism and its sustainable functioning.