The Financial Monitoring Service (FMS) held an online training session on December 12, 2024, for representatives of law enforcement agencies, focusing on the collection of statistical data required for MONEYVAL’s 6th round evaluation.

Fuad Aliyev, Director of the FMS Cooperation Department, opened the session with a presentation on the latest updates to the FATF Methodology. Mr. Aliyev outlined key developments, including the separate assessment of financial and non-financial sectors, the importance of adopting a risk-based approach, and the enhanced evaluation of effectiveness. Mr. Aliyev also provided a comprehensive overview of the methodology's primary objectives.

Kamala Aliyeva, Advisor to the FMS Management Board, provided participants with detailed guidance on the process of gathering statistical data in compliance with MONEYVAL evaluation requirements.

Further insights were shared by Ayten Mirzazade and Kifayat Nasirli, representatives of the FMS Division for Supervision and Cooperation with Law Enforcement Agencies. They addressed common gaps in submitted data, proposed actionable solutions, and offered practical recommendations to improve compliance. The session included active discussions to enhance data quality and reporting.

The training brought together 17 representatives from key government bodies, including the State Tax Service, State Customs Committee, State Security Service, the Anti-Corruption Directorate, and the Ministry of Internal Affairs.

This initiative underscores the FMS’s commitment to strengthening preparation for MONEYVAL evaluations, improving statistical data collection processes, and ensuring that AML/CFT efforts by law enforcement agencies adhere to international standards.