The Central Bank of the Republic of Azerbaijan held a new series of anti-money laundering and counter-terrorist financing (AML/CFT) trainings for financial institutions, focusing on the application of customer due diligence measures and institutional risk assessment. Online sessions on 29–30 October covered “Application of customer due diligence measures” and “Institutional risk assessment” and were attended by staff from non-bank credit institutions, investment companies, life savings insurers, reinsurers, insurance intermediaries, payment institutions, electronic money institutions, financial leasing providers and pawnshops. A further in-person training at the Central Bank on 31 October for currency exchange office staff addressed requirements under AML/CFT legislation, with broader discussions spanning customer due diligence requirements, the methodology for institutional risk assessment and other legislative obligations.
Central Bank of the Republic of Azerbaijan 2025-11-04
Central Bank of the Republic of Azerbaijan delivers AML CFT trainings on customer due diligence and institutional risk assessment
The Central Bank of the Republic of Azerbaijan conducted AML/CFT training sessions for financial institutions, emphasizing customer due diligence and institutional risk assessment. Online sessions on 29–30 October targeted various financial entities, while an in-person session on 31 October focused on currency exchange offices, covering legislative obligations and risk assessment methodologies.