On March 29 of this year, the Financial Monitoring Service of the Republic of Azerbaijan (FMS) and the Financial Intelligence Unit of Bangladesh (BFIU) signed a Memorandum of Understanding (MOU) on the prevention of the legalization of criminally obtained property, related predicate crimes and the financing of terrorism.

The purpose of signing the memorandum is to further strengthen mutually beneficial relations between the two institutions, as well as to develop an efficient exchange of information in the field of AML/CFT. Thus, the historically diplomatic relations between the two countries will be facilitated in the field of AML/CFT entering a new stage.