Materials on FATP/FT

COLLECTION of methodological materials on the application by auditors of the Law of the Republic of Azerbaijan “On Combating the Legalization of Property Obtained Through Criminal Means and the Financing of Terrorism” COLLECTION

Guidelines on the application of targeted financial sanctions GUIDELINES

To obtain information on the “Persons Subject to Sanctions” list provided by the Financial Monitoring Service of the Republic of Azerbaijan, click here

To obtain information on the International List of individuals or legal entities subject to sanctions provided by the Financial Monitoring Service of the Republic of Azerbaijan, click here

To obtain information on the Domestic List of individuals or legal entities subject to sanctions provided by the Financial Monitoring Service of the Republic of Azerbaijan, click here

> No. 383/4, 15.12.2025  On the approval of the “2026 Plan-Schedule for Monitoring Compliance by Audit Organizations and Independent Auditors with AML/CFT Legislation in the Provision of Audit Services” (PLAN-SCHEDULE)

> No. 381/1, 03.11.2025 On the publication of the book “Audit and Reporting: Combating the Legalization of Property Obtained Through Criminal Means”

> No. 378/7, 13.08.2025 On the publication of the materials of the international scientific and practical conference held on 23–24 May 2025 on the topic “The Role, Duties and Responsibilities of Supervisory Authorities in Combating the Legalization of Property Obtained Through Criminal Means and the Financing of Terrorism” (CONFERENCE MATERIALS)

> No. 372/4, 29.12.2024 On the approval of the “2025 Plan-Schedule for Monitoring Compliance by Audit Organizations and Independent Auditors with AML/CFT Legislation in the Provision of Audit Services” (SCHEDULE)

 

 

To obtain the list of countries that do not cooperate with MONEYVAL provided by the Financial Monitoring Service of the Republic of Azerbaijan, click here

COLLECTION of methodological materials on the application by auditors of the Law of the Republic of Azerbaijan “On Combating the Legalization of Money or Other Property Obtained Through Criminal Means and the Financing of Terrorism” (2010–2020)

Action Plan for the implementation of measures recommended for execution by the Chamber of Auditors of the Republic of Azerbaijan under the “National Action Plan for Combating the Legalization of Money or Other Property Obtained Through Criminal Means and the Financing of Terrorism for 2017–2019”   

National Action Plan for Combating the Legalization of Money or Other Property Obtained Through Criminal Means and the Financing of Terrorism for 2017–2019

Methodological Recommendations on the Application by Auditors of the Law of the Republic of Azerbaijan “On Combating the Legalization of Money or Other Property Obtained Through Criminal Means and the Financing of Terrorism”

Methodological Guidelines on Organizing, within the Powers of the Chamber of Auditors of the Republic of Azerbaijan, Supervision of Auditors’ Activities for the Purpose of Fulfilling the Obligations Established by the Law of the Republic of Azerbaijan “On Combating the Legalization of Money or Other Property Obtained Through Criminal Means and the Financing of Terrorism”

On Combating the Legalization of Money or Other Property Obtained Through Criminal Means and the Financing of Terrorism

Commentary on the Law of the Republic of Azerbaijan No. 782-VIQ dated 30 December 2022 “On Targeted Financial Sanctions”

Commentary on the Law of the Republic of Azerbaijan No. 782-VIQ dated 30 December 2022 “On Combating the Legalization of Property Obtained Through Criminal Means and the Financing of Terrorism”

Commentary on the Minimum Requirements to be Met by the Internal Control Program of Obliged Persons

Commentary on the Law of the Republic of Azerbaijan on Amendments to the Law of the Republic of Azerbaijan “On Regulation of Inspections in the Field of Entrepreneurship and Protection of the Interests of Entrepreneurs”

National Action Plan for 2023–2025 on Combating the Legalization of Property Obtained Through Criminal Means and the Financing of Terrorism (approved by Order No. 3770 of the President of the Republic of Azerbaijan dated 28 February 2023)

RULES on providing feedback to obliged persons, persons providing audit services, religious institutions, non-governmental organizations, including branches or representative offices in the Republic of Azerbaijan of non-governmental organizations of foreign states, regarding information and documents submitted to the Financial Monitoring Service of the Republic of Azerbaijan. “Approved” by Decision No. 3-21-28/3-6-5/2023 of the Financial Monitoring Service of the Republic of Azerbaijan dated 21 February 2023 

Minimum Requirements to be Met by the Internal Control Program of Obliged Persons

“Approved” by Decision No. 3-21-28/3-6-6/2023 of the Financial Monitoring Service of the Republic of Azerbaijan dated 21 February 2023

Rules on Verification Measures when Establishing Customer Due Diligence and Applying New Technologies, Determining Risk Factors and Assigning the Customer Profile to Risk Groups. “Approved” by Decision No. 3-21-28/3-6-4/2023 of the Financial Monitoring Service of the Republic of Azerbaijan dated 21 February 2023

 

EXAMPLES FROM FOREIGN AUDIT PRACTICE

1. German experience in AML/CFT

2. Pakistani experience in AML/CFT

 

METHODOLOGY

METHODOLOGY FOR DETERMINING THE BENEFICIAL OWNERS OF LEGAL ENTITIES AND LEGAL ARRANGEMENTS

PRESENTATION ON THE PROCEDURE AND METHODS FOR DETERMINING THE BENEFICIAL OWNER

VIRTUAL ASSETS AND VIRTUAL ASSET SERVICE PROVIDERS. METHODOLOGICAL GUIDE

CRITERIA FOR THE IDENTIFICATION OF SHELL COMPANIES BY OBLIGED PERSONS

METHODOLOGY FOR INVESTIGATING LARGE CASH TRANSACTIONS THAT MAY BE CONSIDERED LARGE IN ACCORDANCE WITH THE CUSTOMER RISK LEVEL