Azerbaijan, Baku, Nov. 6 / Trend A.Akhundov /
Azerbaijan will hold a workshop on "Obligations of persons providing audit services" within the law "On combating the laundering of money or other properties derived from criminal activity and terrorism financing ", the Azerbaijani Audit Chamber reported.
Experts of the Financial Monitoring Service of the Central Bank of Azerbaijan and Audit Chamber read reports at the seminar. The workshop will be held at the Chamber on Nov.12.
The Financial Monitoring Service adopted in September the minimum requirements for the preparation and implementation by legal entities and other persons, who participate in the monitoring, the internal controls over the financing of terrorism and the laundering of money or other property acquired by criminal way.
The service monitors credit organizations, insurance and reinsurance organizations, professional participants of securities market, leasing services of credit organizations, money transfers through post offices and other organizations, pawnshops, investment funds, transactions with precious metals and stones, and the purchase of products from them and non-governmental and religious organizations, organizers of lotteries, realtors as well as lawyers, accountants, real estate transactions, client money, securities and property, and client bank and deposit accounts.
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