Information and documents to be submitted by persons providing audit services, religious institutions, non-governmental organizations, including branches or representative offices of non-governmental organizations of foreign countries in the Republic of Azerbaijan within the framework of the fight against the legalization of property obtained through crime and the financing of terrorism are determined.

According to APA, this was reflected in the draft law "On the fight against the legalization of property obtained through crime and the financing of terrorism", which was discussed at today's session of the Milli Majlis.

According to the draft, in order to prevent the legalization of property obtained through crime and the financing of terrorism, when persons providing auditor services perform audit activities, there is a suspicion that the property has been obtained through criminal means or cases that create sufficient grounds for such suspicion, as well as cases of terrorism, terrorist activity of the property, if they suspect that they are related to terrorist organizations or any person financing terrorism or that they are being used by these persons, or if they identify circumstances that create sufficient grounds for such suspicion, they must submit information and documents about this to the financial monitoring body.

Persons providing auditor services must keep all information and documents obtained while performing auditor activities for at least 5 years.

Any religious institution, non-governmental organization, which receives, collects, gives or transfers funds as part of its activities in order to prevent the financing of terrorism, including the branch or representative office of a foreign non-governmental organization in the Republic of Azerbaijan, when receiving grants and donations, as well as must have rules and procedures aimed at minimizing risks while giving, and prepare a detailed annual financial report on grants and donations, as well as their use.

The financial report must be submitted to the supervisory authority no later than April 1 of each year.

The bill was voted and adopted in the first reading.