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The State Tax Service of the Republic of Azerbaijan joined the cooperation on AML/CFT field within the framework of the activities aimed at strengthening cooperation between relevant government authorities in terms of increasing the effectiveness of AML/CFT system in Azerbaijan. Thus, pursuant to the relevant decree signed by the President of the Republic of Azerbaijan in August 2010, the Ministry of Taxes has been assigned as the government authority that carry out the control over the observance of the AML/CFT legislative requirements by other persons providing legal services.A Cooperation Agreement was signed between the Financial Monitoring Service and the Ministry of Taxes in April 2010.

According to the existing legislation, the Financial Monitoring Service supervises the observance of requirements of the AML/CFT legislation by pawnshops and physical persons or legal entities providing intermediary services on purchase and sale of real estate.  From this standpoint, the mentioned Agreement includes an item envisaging that the Ministry of Taxes provides the Financial Monitoring Service on a quarterly basis with the information from the State Registry on pawnshops and physical persons or legal entities providing intermediary services on purchase and sale of real estate for the purpose of ensuring the supervision over the observance of the Preventive Law’s requirements by those persons or entities.