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


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).
The director of the Legal Department of the Financial Monitoring Service Azer Abbasov made a presentation at the event. In his speech, A. Abbasov informed the participants about the conditions of the risk analysis, as well as the importance of result-oriented awareness-raising activities.
The purpose of the event was to familiarize NGOs with the requirements of the country’s legislation on money laundering and terrorist financing, to explain to NGOs their obligations in this area, to discuss practical issues arising from the application of a risk-based approach. At the end of the event, participants’ questions on the topic were answered.
It should be noted that 30 NGOs operating in Baku, Sumgayit, Ganja, Guba, Shirvan, Gabala, Shamkir, Shaki and other cities took part in the events.