The Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) published a follow-up report concluding that Azerbaijan has strengthened its anti-money laundering and counter-terrorist financing (AML/CFT) preventive framework, with progress in addressing technical compliance deficiencies against Financial Action Task Force (FATF) standards. The review upgraded Azerbaijan’s technical compliance ratings on FATF recommendations covering non-profit organisations, money or value transfer services, wire transfers, transparency and beneficial ownership of legal persons, regulation and supervision of financial institutions, statistics, and authority guidance and feedback to relevant market participants (Recommendations 8, 14, 16, 24, 26, 33 and 34). Overall, Azerbaijan is rated compliant on eight recommendations, largely compliant on 28, partially compliant on three, and non-compliant on one. Azerbaijan will remain in MONEYVAL’s enhanced follow-up process and is invited to report back on its overall AML/CFT progress in one year.
Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) 2026-01-21
MONEYVAL upgrades Azerbaijan’s FATF compliance ratings and keeps country in enhanced follow-up
MONEYVAL published a follow-up report indicating Azerbaijan has improved its anti-money laundering and counter-terrorist financing framework, addressing technical compliance deficiencies with Financial Action Task Force standards. Azerbaijan's compliance ratings were upgraded on several FATF recommendations, though it remains in MONEYVAL’s enhanced follow-up process.