On September 9, 2021, the Financial Monitoring Service of the Republic of Azerbaijan (FMS) and the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA) signed Memorandum of Understanding on the Prevention of Money Laundering and Terrorist Financing (AML/CFT).

The purpose of signing the memorandum is to further strengthen mutually beneficial relations between the two institutions, as well as to develop an effective and efficient exchange of information in the field of AML/CFT. Thus, the historically existing political-diplomatic, economic, military-strategic allied relations between the two countries will be facilitated in the field of AML/CFT, and will enter a new, closer stage.

It should be noted that the Memorandum was signed by Mr. Rovshan Najaf, Chairman of the Board of FMS and Ms. Shlomit Wagman, Chairman of IMPA.