17:14 - 22.11.2023

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November 22, Fineko/abc.az. Azerbaijan has developed criteria for determining a risk-based approach to implementation of internal audit activities on legalization of property acquired by criminal means and financing of terrorism, ABC.AZ reports with reference to the Association of Banks of Azerbaijan.

The first meeting of the working group formed from members of the Expert Group on work with internal audit took place today. At the meeting, it was decided to formulate proposals on the calculation methodology before the next meeting on this issue, and discussions were held on the areas subject to annual audit arising from the minimum requirements that the internal control program of responsible persons should meet.