The 6th Plenary Meeting of the United Nations Global Operational Network of Anti-Corruption Law Enforcement Authorities — GlobE Network — was held in Baku from 20 to 23 May 2025.

Mr. Fuad Aliyev, representative of the Financial Monitoring Service of the Republic of Azerbaijan, delivered a presentation at the event in his capacity as Chair of the Egmont Group’s Membership, Support, and Compliance Working Group and as a member of the Egmont Committee.

In his address, Mr. Aliyev highlighted the critical role of financial intelligence units (FIUs) in tracing illicit financial flows related to money laundering and other financial crimes, as well as in facilitating the recovery and confiscation of criminal assets. Drawing on Egmont Group analyses and case studies, he outlined essential measures to prevent such abuses and emphasized the importance of FIUs in identifying and mitigating these risks.

Panel discussions also explored the growing risks associated with virtual assets. Particular attention was given to the vital role of Virtual Asset Service Providers (VASPs) in cooperating with FIUs and law enforcement agencies to enable effective tracking and freezing of crypto-assets.

Mr. Aliyev also provided updates on ongoing initiatives of the Egmont Group, including recent efforts to enhance the role of FIUs in national risk assessments and the development of a new project aimed at strengthening the effectiveness of asset recovery mechanisms.

During the event, numerous bilateral meetings were held among delegations from various countries, including Azerbaijan. These meetings focused on fostering international cooperation, sharing expertise, and identifying new opportunities for joint development across multiple areas of financial crime prevention.