Being responsible for combating terrorism and other forms of transnational organized crime, The Ministry of National Security of the Republic of Azerbaijan, is one of the major government bodies participating in AML/CFT activities. Thus, pursuant to the Law of the Republic of Azerbaijan «On Approval, Coming to Effect of the Code of Criminal Procedure of the Republic of Azerbaijan and related Legal Regulatory Issues  ” and Decree #387 of the President of the Republic of Azerbaijan dated 25 August 2000 “On Application of the Criminal Procedure Code of the Republic of Azerbaijan” approved by the same Law,  preliminary investigation on criminal cases on terrorist financing shall be conducted by the Ministry of National Security.

At present, the main direction of cooperation between the Financial Monitoring Service and the Ministry of National Security is the combatting terrorist financing. Thus, according to the legislation, the agencies share information about suspicious transactions related to terrorist financing and investigation of such information.

At the same time, according to Order #124 of the Cabinet of Ministries of the Republic of Azerbaijan of 25 June 2010, DomesticList of designated natural or legal persons  shall be identified by the Ministry of National Security and submitted to the Financial Monitoring Service for approval.  In compliance with that, the experts of both agencies currently work together on forming the Domestic List of designated natural or legal persons.

The Memorandum of Understanding on mutual cooperation in AML/CFT sphere was signed between the Financial Monitoring Service and the Ministry of National Security in May 2010.