On May 1, in line with Cabinet of Ministers Decision No. 451 dated December 23, 2023, the Coordination Council convened its latest meeting to address issues related to anti-money laundering, counter terrorist financing, and the proliferation and financing of weapons of mass destruction.

Opening the meeting, Mr. Samir Sharifov, Deputy Prime Minister and Chair of the Coordination Council, emphasized the importance of reviewing the actions undertaken by the Council in 2024 within the framework of the duties arising from the National Action Plan for 2023–2025 on Combating the Legalization of Criminally Obtained Property and the Financing of Terrorism, approved by the Presidential Decree dated February 28, 2023. He noted that the implementation of these measures contributes to enhancing the overall effectiveness of the country’s AML/CFT framework.

The Chair also highlighted the recent submission of a progress report request by the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL), underlining the importance of successfully completing the reporting process.

During the meeting, Mr. Zaur Fatizade, Chairman of the Financial Monitoring Service, presented a report on the implementation status of the tasks outlined in the National Action Plan for 2024. Representatives from the Ministry of Justice, the Prosecutor General’s Office, the Central Bank, and the State Tax Service also delivered updates on their areas of implementation. Preparations for MONEYVAL’s upcoming progress evaluation in the current year and other related matters were discussed in detail.

As a result of the meeting, agreement was reached to submit the 2024 implementation report of the National Action Plan to the Anti-Corruption Commission of the Republic of Azerbaijan. Additionally, the Council identified the next steps to be taken in preparation for the submission of the MONEYVAL progress report and adopted several other decisions.