On 28 April 2026, at 11:30, the Financial Monitoring Service of the Republic of Azerbaijan, the Ministry of Justice of the Republic of Azerbaijan, and the Azerbaijan Notarial Chamber jointly organized an online training session via videoconference.

The training was conducted as part of the implementation of subparagraphs 8.2.2 and 8.2.3 of the National Action Plan for 2023–2025 on Combating the Legalisation of Criminal Proceeds and the Financing of Terrorism, paragraphs 3 and 5 of the Ministry of Justice’s Three-Year Sectoral Supervision Strategy for 2025–2027 on Combating Money Laundering and Terrorist Financing Based on a Risk-Based Approach, and the 2026 Work Plan of the Main Department for Notarial Affairs, Registration and Registers.

The main objectives of the training were to explain the proper assessment of institutional and sectoral risks by notaries, clarify the mechanisms for applying the risk-based approach, and promote a consistent practice in this area.

The training covered the topics “Rules for the Assessment and Identification of Institutional Risks by Notaries” and “Purpose and Procedures of Sectoral Risk Assessment.”

Huseyn Mammadov, Chair of the Azerbaijan Notarial Chamber, delivered the opening remarks, highlighted the importance of the event, and moderated the session.

The training was delivered by Ibrahim Mammadzade, Head of the Division for Cooperation with Government Agencies within the Department for Cooperation with Government Agencies and Beneficial Ownership Analysis of the Financial Monitoring Service, and Subhan Garayev, an expert from the same division. The trainers provided detailed information on risk-based supervisory mechanisms, criteria for identifying institutional risks, and the practical aspects of sectoral risk assessment, and answered participants’ questions.

The discussions focused on strengthening the application of the risk-based approach within the notarial system in combating money laundering and terrorist financing, with particular attention to the tasks ahead.

A total of 225 notaries and responsible officials representing notarial offices across the country participated in the online training.