Azerbaijan accedes to Egmont Group
BAKU – Financial Monitoring Service of the Central Bank of Azerbaijan became a member of Egmont Group, the Service said in a statement on Monday.
The decision on admitting Azerbaijan as a full member of the Group was made at a plenary session of the Group, held July 11-15.
The Service had sent an appeal to obtain the status of a member of the Group in 2009.
Russia and Ukraine provided support in the process of Azerbaijan's admission to membership.
The Egmont Group is an organization like Interpol in the field of financial relationships (the group has its own information center "Safety net" of Egmont"). About 60 member countries of this organization exchange information on suspicious financial transactions and methods of money laundering and jointly oppose their trans-boundary movements.
Since 2002, Azerbaijan has been a member of the Council of Europe Committee of Experts MONEYVAL, and since 2009 - the Financial Action Task Force (FATF).
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