{{Infobox government agency

| agency_name = Financial Monitoring Service of the Republic of Azerbaijan

| nativename = Azərbaycan Respublikasının Maliyyə Monitorinqi Xidməti

| formed = [[2009]]

| preceding1 = Financial Monitoring Service under Central Bank of the Republic of Azerbaijan

| preceding2 = Financial Monitoring Service of Financial Market Supervisory Authority

| jurisdiction = [https://president.az/ President of the Republic of Azerbaijan]

| headquarters = [[Azerbaijan]],[[Baku]], AZ1014, [http://www.fiu.az/eng/contact/ Bul-bul Ave. 40]

| chief1_name = [http://www.fiu.az/aze/r%c9%99hb%c9%99rlik/ Rovshan Najaf]

| chief1_position = Chairman of the Board

| website = [http://www.fiu.az/eng/ www.fiu.az/eng/] }}

'''[http://www.fiu.az/aze/ Financial Monitoring Service of the Republic of Azerbaijan]''' – is the body that executes the legislation in the field of prevention of the legalization of criminally obtained funds or other property and combating financing of terrorism (AML/CFT) and participates in formation of policy in the respective sphere.

== History ==

The Financial Monitoring Service was established as an independent structural unit under the [http://www.cbar.az Central Bank] of the Republic of Azerbaijan by the [http://www.e-qanun.az/framework/16348 Decree of the President of the Republic of Azerbaijan numbered 66, dated February 23, 2009] according to the Law of the Republic of Azerbaijan on The Prevention of the Legalization of Criminally Obtained Funds or Other Property and the Financing of Terrorism numbered [http://www.e-qanun.az/framework/16347 № 767–IIIQ, dated February 10, 2009]

Financial Market Supervision Authority was formed as a public law entity by the Decree of the President of Azerbaijan Republic [http://www.e-qanun.az/framework/31990 number 760, dated February 3, 2016] and Financial Monitoring Service continued functioning as a structural unit within this body.

According to the Decree [http://www.e-qanun.az/framework/38995 numbered 95, dated May 25, 2018], Financial Monitoring Service was separated from the Financial Market Supervisory Authority and started continuing its activities as a public law entity.

== Purpose ==

Financial Monitoring Service acts according its purposes based on the [http://www.e-qanun.az/framework/39531 Charter]:

• Supervises compliance with the requirements on prevention of the legalization of criminally obtained funds or other property and the financing of terrorism defined by the law, implements common regulatory framework, participates in formation and application of the policy;

• Undertakes national risk assessment, coordinates activities of state bodies and agencies in this course;

• Coordinates activities of reporting entities, other persons involved in monitoring, supervision and other state authorities, collects and analyses information received from them;

• Supports prevention of the legalization of criminally obtained funds or other property and combating financing of terrorism (AML/CFT) by collecting, analyzing and exchanging information with reporting entities.

== See also ==

* [http://www.fiu.az/aze/ Official web-site of Financial Monitoring Service of the Republic of Azerbaijan]

== References ==

{{reflist}}

[[Category:Financial crime prevention]]

[[Category:Terrorism in Azerbaijan]]

[[Category:Anti-money laundering measures]]