An event was held at the Financial Monitoring Service on the occasion of International Financial Intelligence Units Day, observed on 9 June.

The event aimed to highlight the role of financial intelligence in ensuring national security, safeguarding the stability of the financial system, and combating the legalization of proceeds of crime and the financing of terrorism.

Speaking at the event, Zaur Fatizade, Chairman of the Board of the Financial Monitoring Service, highlighted the growing importance of financial intelligence in the modern era, the role of international cooperation, and the challenges facing the sector. This was followed by presentations on the practical application of financial intelligence, emerging risks and technological challenges, as well as international cooperation and information exchange.

It was also noted that the plenary meeting of the Egmont Group will be held in Baku from 5 to 10 July this year. As part of the event, representatives of financial intelligence units from various countries will come together to discuss issues related to combating financial crime, strengthening international cooperation, and enhancing information exchange.

The event also provided an opportunity to discuss achievements in the field of financial intelligence, efforts undertaken to advance international cooperation, and prospects for future development.

The management and staff of the Service visited the Alley of Honor and the Alley of Martyrs, where a wreath was laid at the grave of National Leader Heydar Aliyev. The delegation also paid tribute to the cherished memory of the martyrs who sacrificed their lives for the independence, sovereignty, and territorial integrity of Azerbaijan.

It should be noted that 9 June is observed as International Financial Intelligence Units Day in connection with the establishment of the Egmont Group, an international platform for cooperation among financial intelligence units. The day is of particular importance in promoting the significance of financial intelligence, strengthening international cooperation in combating financial crime, and raising awareness of the work of financial intelligence units.