Azerbaijan’s Financial Crimes Fight Gets Boost with Latest Trends Training

The Economic Crime and Cooperation Division of the Council of Europe conducted a training session for Azerbaijani representatives from law enforcement, judiciary, and other institutions from December 16-18, 2020. This three-day event aimed to educate participants about the latest trends in financial crimes and effective ways to combat them.

Training Overview

• Eighteen participants attended the training conducted under the Greta (Greco) and Moneyval (MONEYVAL) frameworks.
• The training covered various financial crimes and related issues, such as corruption, action against crime, cybercrime, counterfeiting of medical products, money laundering, terrorism, and human trafficking.

Key Topics and Discussions

• Latest financial crime trends and threats to the rule of law.
• Case studies and best practices from other countries.
• Encouragement of participants to share experiences and perspectives.

Importance and Timing

• Financial crimes pose significant threats to Azerbaijan’s societal and economic development.
• The training provided participants with the most up-to-date information and tools to combat these illicit activities.

Institutional Commitment and Cooperation

• Representatives from law enforcement bodies, the judiciary, and other state institutions attended the training.
• Improved understanding of financial crimes can lead to better coordination and cooperation between various stakeholders.

Funding and Project Background

• The training was part of the “Support to the Implementation of the Convention on Laundering, Search, Seizure, and Confiscation of Criminal Proceeds and the European Convention on Mutual Assistance in Criminal Matters in Azerbaijan (PGG II Azerbaijan)” project.
• The project is funded by the European Union.