Azerbaijan’s Regulatory Bodies Brace for Latest Financial Crime Trends
Introduction
From December 16-18, 2020, Azerbaijan hosted 18 representatives from its law enforcement, judiciary, and other relevant state institutions for a knowledge-sharing event aimed at introducing the latest trends in combating financial crime. The meeting, organized by the Economic Crime and Cooperation Division of the Council of Europe (CoE), aimed to equip Azerbaijani institutions with the necessary knowledge and tools to effectively tackle various forms of financial crime.
Meeting Overview
- Focus on combatting financial crimes such as money laundering, cybercrime, counterfeiting of medical products, and human trafficking.
- Discussions on improving institutions’ responses to financial crimes.
- Sharing best practices from countries with successful track records in crime prevention and detection.
Key Topics
The three-day event included:
- Interactive workshops and discussions: enabling participants to create viable strategies for implementing the learned concepts within their respective organizations.
- Importance of international cooperation: fostering collaboration among different countries and organizations to efficiently combat financial crimes.
- Role of investigation and analysis: emphasizing the importance of thorough investigation and analysis to effectively tackle financial crimes.
- Resource allocation: acknowledging the critical need for adequate resources to combat financial crimes effectively.
Quote from Economic Crime and Cooperation Division
“This collaborative meeting brought together key stakeholders in Azerbaijan to learn about the most recent challenges and trends in the fight against financial crime,” explained a spokesperson for the Economic Crime and Cooperation Division.
Interactive Sessions
Participants engaged in:
- Informative sessions
- Focused discussions
- Practical workshops
Impact
The meeting aimed to ensure Azerbaijani institutions have the necessary knowledge and skills to keep their communities safe from financial crime. The attendees are expected to return to their organizations with valuable insights to make a real impact.
About Economic Crime and Cooperation Division
The Economic Crime and Cooperation Division is an international organization dedicated to:
- Fostering cooperation amongst its member states
- Preventing and combating financial and other forms of crime