A bilateral meeting was held at the Financial Monitoring Service (FMS) on October 6–7 with a delegation from the Department for Combating Economic Crimes under the Prosecutor General’s Office of the Republic of Uzbekistan.

During the meeting, representatives of both sides discussed strengthening mutual cooperation, implementing joint initiatives, and advancing strategic partnership between the two institutions.

In his opening remarks, Chairman of the Board Mr. Zaur Fatizada noted that the close and friendly relations between the President of the Republic of Azerbaijan, Mr. Ilham Aliyev, and the President of the Republic of Uzbekistan, Mr. Shavkat Mirziyoyev, provide a solid foundation for the development of bilateral cooperation across all areas. He emphasized that these strong interstate ties also give significant impetus to expanding cooperation in the field of combating money laundering and the financing of terrorism.

The Chairman further stated that, within the framework of the Memorandum of Understanding signed between the parties, the effectiveness of information exchange has increased and cooperation has yielded practical results. He also highlighted that the Shusha Initiative, adopted within the framework of the international forum of financial monitoring authorities of the member states of the Organization of Turkic States, has elevated relations between the two institutions to a more advanced stage.

In his remarks, Head of the Uzbek delegation Mr. Marat Yunusov underlined that the longstanding ties of friendship and brotherhood between the two nations constitute a strong basis for strengthening interstate relations. He expressed confidence that the visit would further expand mutual cooperation and enhance joint efforts toward financial security and sustainable development.

As part of the meeting, an FMS representative delivered a presentation on the Suspicious Activities Monitoring System (SAMS). Participants were provided with detailed information on the system’s functionality, operational principles, and future implementation prospects. It was noted that the SAMS is an artificial intelligence–enhanced software solution designed to increase transparency in financial transactions and prevent illicit activities.

Subsequently, a presentation was delivered on the Financial Monitoring Service’s Electronic Training Portal in the relevant field. Detailed information was provided regarding the portal’s features, usage, and advantages.

At the conclusion of the meeting, the parties discussed future cooperation prospects within the framework of the “Shusha Initiative” adopted at the Forum of Financial Intelligence Units of the Turkic States held in October 2024.