The Financial Monitoring Service (FMS) and the State Customs Committee collaborated to host a comprehensive training session on the principles and basic concepts of combating money laundering and terrorism financing (AML/CFT). The training took place on February 28th, 2024, and was attended by over 30 employees from various departments of the State Customs Committee, including participants enrolled in the Customs Committee Academy. 

During the training session, participants had the opportunity to deepen their understanding of key AML/CFT principles and regulations. Leyla Bagirova, from FMS, delivered a presentation on the fundamentals of the AML/CFT system, highlighting the importance of financial intelligence units in detecting and preventing illicit activities. A video demonstration further illustrated the practical aspects of AML/CFT implementation.

 Following the presentation, Fuad Aliyev, Director of the Cooperation Department at FMS, shared extensive insights into the legislative requirements governing AML/CFT efforts. Mr. Aliyev discussed the FATF Recommendations and provided participants with essential materials to enhance their knowledge and compliance with AML/CFT regulations. 

The training concluded with a dynamic question and answer session, allowing participants to engage with the presenters and clarify any queries related to the AML/CFT framework.