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www.fiu.az is the official Internet information resource of the Financial Monitoring Service of the Republic of Azerbaijan.

Financial Monitoring Service was established by the Decree of the President of the Republic of Azerbaijan numbered 95, dated May 25, 2018 . At present, Financial Monitoring Service is a public legal entity which is funded from the state budget and  implements unified regulation and supervision as well as coordination of activities in the field of preventing legalization of criminally obtained funds or other property and financing of terrorism.

The Charter and Organizational Structure of the Financial Monitoring Service were approved by the Decree of the President of the Republic of Azerbaijan “On ensuring activity of the Financial Monitoring Service of the Republic of Azerbaijan” numbered 215, dated July 18,  2018.

List of designated persons updated

18 June 2021

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 17 June 2021. Read more…

FMS representative attended and spoke at UN event

June 7, 2021

The special session of the UN General Assembly on challenges and measures to prevent and combat corruption and strengthen international cooperation was held from 2 to 4 June 2021, and a political declaration was adopted following the session, the Azerbaijani Foreign Ministry told. Read more…

Webinar held on “Results and main challenges in the implementation of the National Risk Assessment”

June 3, 2021

A webinar was held on “Results and main challenges for the implementation of the National Risk Assessment (NRA)” with the support of the Financial Monitoring Service within the framework of the EU/CoE Partnership for Good Governance II Project titled “Strengthening anti-money laundering and asset recovery in Azerbaijan” (PGG II-AZ). Read more…

MONEYVAL held 61th Plenary meeting

The delegation of the Republic of Azerbaijan took part in the 61th Plenary meeting of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) held in online mode during April 26-30, 2021. Read more…

List of designated persons updated

April 8, 2021

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of April 6, 2021. Read more…

List of designated persons updated

March 30, 2021

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 23 March 2021. Read more…

Training held for the officers of law enforcement agencies

On March 3, 2021, as a part of the preparation for the 5th round MONEYVAL evaluation for Azerbaijan, the Financial Monitoring Service conducted an online training aiming at enhancing the knowledge and skills of the representatives of law enforcement agencies about the relevant field. Read more…

Training held for employees of supervisory bodies

On March 2, 2021, as a part of the preparation for the 5th round MONEYVAL evaluation for Azerbaijan, the Financial Monitoring Service conducted an online training aiming at enhancing the relevant knowledge and skills of the representatives of supervisory authorities. Read more…

List of designated persons updated

February 22, 2021

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 19 February 2021. Read more…

The First Meeting of Coordination Council Held

December 25, 2020

The first meeting of the Coordination Council was held under the chairmanship of  Mr. Ali Ahmadov, Deputy Prime Minister of the Republic of Azerbaijan, Chairman of the Coordination Council in order to carry out a national risk assessment of the anti-money laundering and terrorist financing (AML/CFT) system, to prepare for the 5th round of evaluation by the relevant expert committee of the Council of Europe (MONEYVAL) and to discuss other issues. Read more…

Online training on “Obligations of NGOs in combating money laundering and terrorist financing, application of risk-based approach in this area” held

December 23, 2020

An online training on “Obligations of NGOs in combating money laundering and terrorist financing, the application of a risk-based approach in this area” was held for non-governmental organizations (NGOs) initiated by the Ministry of Justice, with the support of the Financial Monitoring Service, with the technical support of the Open Government National Platform and the US Agency for Empowering Civil Society Organizations for Transparency (ECSOFT). Read more…

To the attention of NGO representatives: online training on PL / TMM

December 17, 2020

An online training on “Obligations of NGOs in combating money laundering and terrorist financing, the application of a risk-based approach in this area” will be organized by the Ministry of Justice of the Republic of Azerbaijan, the Financial Monitoring Service of the Republic of Azerbaijan and MG Consulting LLC. Read more…

Financial intelligence unit of Montenegro became a member of the Egmont Group with the sponsorship of the Financial Monitoring Service of the Republic of Azerbaijan

November 4, 2020

Azerbaijan continues to cooperate with international organizations and other countries to strengthen its position and image in the global arena. Within the framework of membership in the Egmont Group, a specialized international organization of the World Financial Intelligence Units (FIUs), the process of admission of the Department for Combating Money Laundering and Terrorism Financing, a Montenegrin FIU to the Egmont Group sponsored by the Financial Monitoring Service (FMS) of the Republic of Azerbaijan was successfully completed, and on November 4, 2020, the Montenegrin FIU was elected a full member of the organization. Read more…

List of designated persons updated

9 October 2020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 9 October 2020. Read more…

A joint event held with the Luxembourg Training Center on AML/CFT

The Financial Monitoring Service of the Republic of Azerbaijan (FMS) in partnership with Financial Technology Transfer Agency (ATTF) has launched an online training  on “Anti-Money Laundering & Counter Terrorist Financing” (AML/CFT) covering September 21-28. Read more…

List of designated persons updated

11 September 2020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 11 September 2020. Read more…

List of designated persons updated

17 July 2020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 17 July 2020. Read more…

The Financial Monitoring Service warns

 23 June 2020

The rapid spread of the coronavirus (COVID-19) pandemic is having a negative impact on certain sectors of the economy. Due to the quarantine regime applied, activities of a number of areas have been restricted, while activities in some other areas have been suspended.Read more…

List of designated persons updated

22 May 2020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 22 May 2020. Read more…

List of designated persons updated

29 March 2020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 24 March 2020. Read more…

List of designated persons updated

5 March 2020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 5 March 2020. Read more…

List of designated persons updated

25 February 2020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 25 February 2020. Read more…

List of designated persons updated

19 February 2020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 19 February 2020. Read more…

List of designated persons updated

5 February 2020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 5 February 2020. Read more…

An employee of the Financial Monitoring Service of the Republic of Azerbaijan elected for the first time to a managerial position in the international organization

30.01.2020

Financial Monitoring Service (FMS) of the Republic of Azerbaijan continues its cooperation within multilateral and bilateral frameworks with the aim of expanding information exchange, as well as building capacity. The employees of the FMS actively participate in the meetings of the Egmont Group, a specialized international organization of world Financial Intelligence Unites (FIU). At the event held in Balaklava, the Republic of Mauritius on January 27-30, 2020, Fuad Aliyev, the Director of the FMS’s Cooperation Department, was elected as the vise-chair of the Membership, Support and Compliance Working Group (MSCWG), one of the main and strategic structures of the Egmont Group. Read more…

List of designated persons updated

January 162020

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by the Ordinance 124 dated 25.06.2010 of the Cabinet of Ministers of the Republic of Azerbaijan, the Financial Monitoring Service updated the General List based on the UN Security Council’s ISIL and Al-Qaida Sanctions Committee decision of 16 January 2020. Read more…

Training hold for Financial Monitoring Service staff on “Agile: A flexible approach to project management”

On December 27 of the current year, training for Financial Monitoring Service (Service) was held on “Agile: A flexible approach to project management”. 12 employees holding managerial positions of the Service took part in the training. Read more…

Employees of Financial Monitoring Service to attend training on “Strategic Analysis”

On December 18-19 of the current year, employees of Financial Monitoring Service of the Republic of Azerbaijan have attended the training on “Strategic Analysis” organized for the implementation of the project “Strengthening Anti-Money Laundering and Asset Recovery in Azerbaijan” within the framework of the second round of Partnership for Good Governance (PGG II) by the European Union and the Council of Europe. Read more…

An international seminar held on “Understanding FATF standards for non-profit sector”

On 18th of December, an international seminar on “Understanding FATF standards
for non-profit sector” co-organized by Financial Monitoring Service of the Republic of
Azerbaijan (FMS) and Open Government Platform of Azerbaijan was held under the
aegis of International Centre (ICNL) for Not-for-Profit Law and Empowering Civil
Society Organizations for Transparency (ECSOFT) – project of the U.S. Agency for
International Development (USAID). Read more…

The Financial Monitoring Service to organize sequential training for monitoring participants

November 29, 2019

On 29th November of the current year Financial Monitoring Service has held training on topics “Criteria and typologies for detection of suspicious transactions in the sphere of AML/CFT” and “Application of a risk-based approach in the sphere of AML/CFT- Internal risk assessment” for employees of monitoring participants. Read more…

Employees of the Financial Monitoring Service attend the training on “Open Source Intelligence”

On November 25 2019, Financial Monitoring Service of Azerbaijan Republic (FMS) in collaboration with Baku office of the Council of Europe participates in organization of the training related to the implementation of the project on “Strengthening Anti-Money Laundering and Asset Recovery in Azerbaijan” within the framework of the second round of the Partnership for good Governance (PGGII) Program by EU/CoE to expand cooperation and to strengthen potential in the field of AML/CFT. Read more…

A meeting held with bank officials
November 18, 2019

A meeting was held with the officials of the banks operating in the Republic of Azerbaijan on combating the legalization of money or other property obtained through criminal activity and the financing of terrorism (AML / CFT) organized by the Financial Monitoring Service (Service) of the Republic of Azerbaijan at the Baku Business Center on November 18, 2019..Read more…

List of designated persons updated
06 November 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

Awareness campaign launched on Business Email Compromise
28 October 2019

A cybercrime called Business Email Compromise (BEC) poses a serious threat to criminal companies and individuals globally. The number of casualties as a result of funds transferred and legalized through beneficiary bank accounts is quite high.Read more…

Awareness campaign launched on Business Email Compromise continues
21 October 2019

A cybercrime called Business Email Compromise (BEC) poses a serious threat to criminal companies and individuals globally. The number of casualties as a result of funds transferred and legalized through beneficiary bank accounts is quite high.Read more…

Awareness campaign launched on Business Email Compromise
14 October 2019

A cybercrime called Business Email Compromise (BEC) poses a serious threat to criminal companies and individuals globally. The number of casualties as a result of funds transferred and legalized through beneficiary bank accounts is quite high.Read more…

List of designated persons updated
14 October 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
21 August 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
19 August 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

Trainings held for the supervisory agencies officers
31 July 2019

On 30-31 July 2019 the Financial Monitoring Service conducted trainings on ““Beneficial owner and his/her identification methods” and “Risk-based supervision” for officers of the AML/CFT supervisor agencies within the framework of the 2019 Training Plan.Read more…

Training held for the bank compliance officers and specialists
29 July 2019

The Financial Monitoring Service of the Republic of Azerbaijan conducted training on 29 July 2019 on “Beneficial owner and his/her identification methods” within the framework of the 2019 Training Plan for compliance officers and specialists of the commercial banks operating in the Republic of Azerbaijan.Read more…

Trainings held for the supervisory agencies officers
28 June 2019

The Financial Monitoring Service conducted training on “Internal control system and its requirements” for officers of the AML/CFT supervisor agencies within the framework of the 2019 Training Plan.Read more…

Trainings held for the bank compliance officers and specialists
21 June 2019

The Financial Monitoring Service of the Republic of Azerbaijan conducted trainings on “AML/CFT typologies from national and world practices”, “New requirements in AML/CFT legislation” and “Internal control system and its requirements” within the framework of the 2019 Training Plan for compliance officers and specialists of the commercial banks operating in the Republic of Azerbaijan. Read more…

List of designated persons updated
10 June 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
23 may 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
15 may 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
7 may 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

Trainings on processing, analysis and visualization of big data were held
2 May 2019

The Financial Monitoring Service of the Republic of Azerbaijan conducted another round of trainings within the framework of the 2019 Training Plan for reporting entities involved in combating legalization of criminally obtained funds or other property and financing of terrorism (AML/CFT) during 22 April – 1 May 2019 Read more…

List of designated persons updated
1 may 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
24 April 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
18 April 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
16 April 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated

29 March 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
27 March 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
15 March 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

Explanatory trainings on the XSD and XML structures for reporting by monitoring participants to the Financial Monitoring Service were held
7 March 2019

The Financial Monitoring Service of the Republic of Azerbaijan continues its capacity building activities for the reporting entities involved in combating legalization of criminally obtained funds or other property and financing of terrorism.Read more…

List of designated persons updated
1 March 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
11 February 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
30 January 2019

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

The Council of Europe MONEYVAL Committee has positively evaluated the anti-money laundering and counter-terrorism financing system in the Republic of Azerbaijan
06 December 2018

Another progress report in the framework of IV round evaluation in the field of anti-money laundering and counter-terrorism financing of the Republic of Azerbaijan was heard on 5 December of the current year Read more…

List of designated persons updated
20 November 2018

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
15 October 2018

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
5 October 2018

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…

List of designated persons updated
24 avqust 2018

Pursuant to “the Regulation on approval of the General List of natural or legal persons designated in relation to countering terrorist financing” approved by Read more…