FINANCIAL INTELLIGENCE ORGANIZATION TO BE ESTABLISHED IN AZERBAIJAN

Azeri Press Agency, Azerbaijan
Oct 30 2006

A seminar "Legal framework of fighting the laundry of dirty money,
contribution to terrorism and other financial crimes" organized by the
US embassy in Azerbaijan and Council of Europe began in Baku today,
APA reports.

Claudio Sroligo, the experts of CE gave 30 recommendations about
main and additional functions of the organization. He said that
the organization is set up in three forms all over the world:
administrative, police and hybrid. The expert talked about the
experiences of Slovenia, the country he represents, and said that
Azerbaijan has opportunity to use the experience of different
countries.

Anne E. Derse, US ambassador to Azerbaijan said that international
terrorism is a problem of world importance and dirty money cause
serious dangers in all countries. The ambassador also said that
there are strong organizations fighting the laundry of dirty money
and contribution to terrorism in the US and CE member states.

Fuad Aleskerov, the chief of the President’s Office Department
on work with law enforcement bodies said that Nagorno Garabagh is
under Armenians occupation, and Azerbaijan fights both local and
international terrorism. He also noted that the government makes some
legislative and institutional reforms for this.

The seminar will continue tomorrow.