How Well Does Azerbaijan Fulfill International Anti-Money Laundering Policy?

Abstract

The article is not limited to describing Azerbaijani legislation regarding anti-money laundering, but also international regulatory acts. Later, these different jurisdictions are compared to evaluate the consistency of Azerbaijani legal remedies in respect to international agreements and standards. Additional recommendations to the legislation are proposed as a concluding statement.

Keywords: money laundering, Azerbaijan, anti-money laundering, monitoring, FATF, MONEYVAL, Palermo Convention, Vienna Convention, Merida Convention, Warsaw Convention, Strasbourg Convention, Wolfsberg Statement

JEL Classification: K13, K14