Financial Crime World

AML/CFT Explained in Azerbaijan: Strengthening Compliance and Combating Fraud

Azerbaijan’s financial sector has been intensifying its efforts to combat fraud and ensure regulatory compliance by strengthening its anti-money laundering (AML) and combating financing of terrorism (CFT) measures. PwC Azerbaijan, a leading legal services provider, is at the forefront of this effort.

What is AML/CFT?

“AML/CFT” stands for Anti-Money Laundering and Combating Financing of Terrorism, referring to efforts to prevent and detect money laundering and terrorist financing activities. This term encompasses a range of financial institutions, including:

  • Credit institutions
  • Investment companies
  • Investment funds
  • Pawnbrokers
  • And others

Non-financial institutions such as: + Realtors + Lawyers + Notaries + Independent persons providing legal, accounting, and tax consulting services

PwC Azerbaijan’s Approach to AML/CFT Compliance

PwC Azerbaijan’s holistic approach is designed to support financial and non-financial institutions in strengthening their combat against money laundering and terrorist financing. The firm’s comprehensive solution includes:

  • Risk evaluation
  • Procedure development
  • Regulatory compliance
  • Day-to-day operations guidance

Ensuring seamless alignment with clients’ businesses, PwC Azerbaijan provides a range of services to support AML/CFT compliance, including:

  • Advice on development of independent and effective compliance systems
  • Comprehensive advice on implementation and optimization of AML/CFT systems
  • Support with customer due diligence processes
    • And more

PwC Azerbaijan’s Team

The firm is led by Senior Legal Manager Leyla Sadikhova and Experienced Legal Consultant Farid Ganbarov, a team of experienced legal professionals.

“We understand the importance of building relationships with our clients, and we strive to provide client-friendly solutions that do not compromise compliance,” said Leyla Sadikhova. “Our goal is to empower our clients with AML/CFT solutions that meet their unique needs and help them achieve strategic success.”

Get in Touch

For more information on PwC Azerbaijan’s AML/CFT services, please contact:

Stay ahead of the curve in AML/CFT compliance with PwC Azerbaijan’s expert guidance.