The Financial Monitoring Service (FMS), in partnership with the State Tax Service, successfully conducted a comprehensive training session on December 11, 2024, focused on “Obliged Entities’ Responsibilities in Combating Money Laundering and Terrorism Financing.”

The event brought together 320 representatives from the non-financial sector, aiming to enhance their understanding of legislative requirements in the field of anti-money laundering and counter-terrorism financing (AML/CFT) and provide practical guidance for implementing these responsibilities effectively.

Key sessions were led by FMS experts, including Kifayat Nasirli, who delivered detailed presentations on “Customer Due Diligence Measures” and “Obliged Entities’ Key Responsibilities in the AML/CFT Field.” Ms. Nasirli highlighted the application of customer due diligence procedures and the critical role of FMS analyses in operational and investigative processes.

Additional presentations were conducted by FMS trainers Subhan Garayev and Nilufar Abdullayeva, who covered “Minimum Requirements for Internal Control Programs” and “Rules for Submitting Information to the FMS,” providing attendees with essential insights for compliance.

The training concluded with an interactive Q&A session, addressing participants’ queries, and fostering dialogue. This initiative underscores FMS’s commitment to strengthening AML/CFT measures through collaboration, capacity building, and ongoing support for obliged entities.