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Who we are?

The Financial Monitoring Service was established by the Decree #66 of the President of the Republic of Azerbaijan dated 23 February 2009.

Financial Monitoring Service is the authority that implements the powers identified by the legislation on the prevention of legalization of criminally obtained funds and other property and financing of terrorism.

According to Decree №760 of the President of the Republic of Azerbaijan dated 3 February 2016 the Financial Markets Supervision Chamber public legal entity was established with the goal of improving licensing, regulation and supervision of securities market, investment funds, insurance, credit organizations (banks, non-bank credit organization and post operator) and payment systems operations, the supervision system over prevention of legalization of criminally obtained funds and other property and financing of terrorism as well as maintaining transparency and flexibility in supervising these fields.

The Financial Markets Supervision Chamber implements its functions in the field of prevention of legalization of criminally obtained funds and other property and financing of terrorism through Financial Monitoring Service.

Functions

Financial Monitoring Service:

  • collects, analyzes relevant information on combating legalization of criminally obtained funds and other property and financing of terrorism and in case of identifying crime elements in the transactions being conducted, sends that information to the competent government authorities;
  • ensures the introduction of integrated information system in the field of combating the legalization of criminally obtained funds and other property and financing of terrorism;
  • ensures the international relations of the Republic of Azerbaijan in the field of combating the legalization of criminally obtained funds and other property and financing of terrorism.

 

Our mission:

To support the fight against money laundering and terrorist financing through receipt, analysis and exchange of the information from reporting entities.

 

Our strategic vision:

To transform Financial Monitoring Service into a financial intelligence unit that meets modern requirements.