The Organization for Security and Co-operation in Europe

(http://www.osce.org)

AML/CFT activity

In recent years, OSCE has strengthened its activity on anti-money laundering and combating the financing of terrorism (AML/CFT). The Office of the Co-ordinator of OSCE Economic and Environmental Activities has developed Global AML/CFT Program and a number of AML/CFT actions in collaboration with the World Bank, IMF and other partners. These actions include evaluation of national legislation in different countries, provision of consultancy services for strengthening of the legislative framework and capacity building in the field. The organization also assists in formation and development of the agencies operating in AML/CFT field, mostly financial intelligence units. Last years, OSCE made active steps in ensuring regional cooperation in AML/CFT sphere.

Cooperation with Azerbaijan

Financial Monitoring Service cooperates with OSCE within the measures on enhancement of its international relations. OSCE conducted a number of seminars and trainings in the Republic of Azerbaijan on the issues of formation and development of the AML/CFT system.

Presently, international experts are involved in the strengthening of analytical capacity of the Financial Monitoring Service through support by OSCE. Overall, OSCE Baku Office had discussions with the Financial Monitoring Service on broader aspects of future cooperation.

• The Committee of Experts on the Evaluation of Anti-Money Laundering Measures of the Council of Europe - MONEYVAL;
• Financial Action Task Force of the Organization for Economic Cooperation and Development – FATF;
• Specialized Agency of Financial Intnelligence Units – Egmont Group;
• United Nations Office on Drugs and Crime – UNODC;
• International Monetary Fund;
• The Organization for Security and Co-operation in Europe;
• United States Agency for International Development - USAID.