United States Agency for International Development (USAID)

(http://www.usaid.gov)

 AML/CFT activity

USAID is an independent federal government agency that receives overall foreign policy guidance from the Secretary of State. The Agency supports long-term economic growth activities and implements assistance programs in different regions of the world. USAID’s AML/CFT activities mainly cover implementation of technical assistance projects. Within the technical assistance programs implemented world-wide, USAID’s experts deliver trainings for staff of law-enforcement bodies, financial monitoring and control bodies, as well as reporting entities. In general, USAID supports different activities and meaasures for AML/CFT capacity of the countries.

Cooperation with Azerbaijan

Cooperation between the Financial Monitoring Service and USAID covers several areas. Thus, the Financial Monitoring Service together with USAID developed and agreed upon joint Action Plan to support the strengthening of the Service’s capacity. Series of trainings and seminares were delivered to the staff of the Financial Monitoring Service, as well as other supervising authorities by specialized international AML/CFT experts involved through USAID assistance within the Action Plan.

At the same time, the mentioed experts provided their opinions and suggestions on compliance of a number of AML/CFT by-laws to the global standards.

Another important direction of the cooperation with USAID is the strengthening of analytical capacity of the Financial Monitoring Service, including the actions suporting application of advanced information technologies in this field.

• 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.