The Financial Monitoring Service of the Republic of Azerbaijan and China Anti-Money Laundering Monitoring and Analysis Center signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in preventing the legalization of criminally obtained property, related predicate crimes, and the financing of terrorism.

The MoU was formalized on May 30, 2024, during the 40th plenary meeting of the Eurasian Group (EAG), underscoring a commitment to foster mutually beneficial relations and facilitate robust information exchange in the realm of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).

The signing of this MoU signifies a pivotal moment for bilateral cooperation, ushering in a new phase of intensified collaboration between the two entities in the field of AML/CFT.