A country risk assessment will be carried out in Azerbaijan.

APA reports that 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 project, the country risk assessment consists of identifying and evaluating risks at the country level, setting goals according to those risks, as well as measures taken to eliminate or reduce risks.

Assessment of the risks of legalization of property obtained through crime and the financing of terrorism at the country level based on the results of sectoral and institutional assessments by the Coordination Council with the participation of relevant control bodies, other state bodies (institutions), persons with obligations, as well as persons defined by this law, as well as representatives of related fields is carried out at least once every 3 years.

The report on the conclusions of the country risk assessment should be published in the official internet information resource of the financial monitoring body, and should be sent to all participants of the country risk assessment, including the persons who have obligations through control bodies, as well as to the persons determined by this law.

The country risk assessment report may be updated as a result of regional and institutional risk assessments.

In order to carry out the country risk assessment, the General Prosecutor's Office of the Republic of Azerbaijan collects, processes, summarizes and presents the necessary statistical data from the courts and criminal prosecution bodies through its information system.

The draft law was voted on and adopted in the third reading.