CoE Committee of Experts praise Azerbaijan's efforts in combating terrorist financing

The Council of Europe's Committee of Experts on the Evaluation of Measures to Combat Money Laundering and the Financing of Terrorism (MONEYVAL) has published a long-awaited evaluation report on Azerbaijan, Azernews reports.

The report assesses the work done in Azerbaijan over the past five years on several criteria and the successes achieved. The work done is also recognised as acceptable. Various recommendations were given on further work in these directions.

The work done in the field of investigating terrorism financing offences was highly appreciated.

The document notes that Azerbaijan has achieved a high level of efficiency in combating the financing of terrorism. The authorities have demonstrated their ability to successfully investigate terrorist financing offences (seven convictions were issued during the evaluation period).