International Monetary Fund(http://www.imf.org)AML/CFT activityWide experience of members of the International Monetary Fund (IMF) in monitoring of economic systems and financial sectors has been instrumental in evaluation of the countries in term of their compliance with international AML/CFT standards. IMF activity in this field that started early 2001 was intensified after September 11, 2001 terror attacks. IMF Management Board adopted a general principle in 2006 according to which evaluation of AML/CFT systems would be a part of Financial Sector Evaluation Projects and Off-Shore Financial Centers’ evaluations. In general, by cooperating with agencies like FATF və FATF-type regional agencies and through conducting AML/CFT evaluation, provision of technical assistance, supporting development of policies, IMF became an important player in this field. Cooperation with AzerbaijanCooperation between the Republic of Azerbaijan and IMF in AML/CFT field has already started. IMF’s Mission comprised of AML/CFT experts paid its first visit to Azerbaijan in August 31 – September 4, 2010. Discussions on the issues related to development of AML/CFT system in Azerbaijan, including provision of relevant assistance to the newly established Financial Monitoring Service took place during the visit. IMF’s AML/CFT Expert Mission paid second regular visit to Azerbaijan on July 26-29, 2010 within the activities for expansion of cooperation with our country. As a resul of this visit, the parties agreed on mid-term assistance to be provided by IMF to Azerbaijan and other directions of cooperation. In accordance with this, Action Plan on joint activities for 2010-2011 was developed. |
