It Has Been Confirmed on December 2 The

It has been confirmed on December 2 the

2011th year as the Decree the number

"F-034" by the director of Financial

Monitoring Service under the Central

Bank of the Republic of Azerbaijan.

THE TACTICAL PLAN

for the 2012th year

OF FINANCIAL MONITORING SERVICE

AT THE CENTRAL BANK OF THE REPUBLIC OF AZERBAIJAN.

BAKU– 2011

Introduction

For the purpose of achievement of goals in the Strategic plan of Financial MonitoringService covering 2010-2013 by the Tactical Plan has been made for the 2011th year are successfully reached 85 purposes.

During management of tactical targets for 2011 it is possible to specify by the reached important achievements the following:

For the purpose of fully adaptation of the national base of the legislation on AML/CTF in compliance to the international standardsadditions and changes for projects of legislative acts of civil, criminal and procedural, customs,taxes, financial and banking sectors are prepared and these projects intend additions and changes in 6 legislation acts.

Within measures of Formation and development of institutional potential of Financial Monitoring Service 9 new procedure rules have been adopted.Within realization of Service priorities for the improvement of HR management system,professional job description for all employees have been prepared and procedures on motivation and achievement assessment of staff assessment have been prepared, 6 employees were awarded by the certificates, conforming to the international standards.

Activities in connexion with implementing of main functions of FMSentered in a new quality phase,application of modern information technologies on main functions of FMS has been expanded, the product of United Nations' Office on Drugs and Crime (UNODC)-«goAML» analytical system has been applied for the receiving, processing and analysis of information given by monitoring subjects.

Using this technology gain an important significance in terms of application of modern modes and methods of analytic activities and increasing rationality of analytical work in accordance with main function of FMS.Within implementing of control function of FMS. cooperation measures with appropriate monitoring persons (realtors and pawnshops) have been expanded,attracting measures for them to reporting on AML.CTF have been getintensified.In direction of strengthen of potential of participants of monitoring widely-caliber measures have been continued, In the course of a year 22 trainings have been carried-out to the appropriate monitoring subjects and representative of state authorities, 520 persons have been covered by this training events. 3 issues of "Financial Monitoring" Information Bulletin have been presented after publishing as measures of enlightening monitoring subjects.

In direction of magnification of international co-operations on AML/CFT activities

have been memorized with portentous events.Azerbaijan for the first time, has

assumed possession of regional conference devoted to the current issues on AML/CTF,

with participation of 40 foreign guestsThe employees of FMS have been attracted in the

international events on combating ML/TF, including estimating other countries as experts .Most importantly, taking into account compliance of azerbaijanian AML/CTF

system with the international standards, FMS has been accepted as a competent member

into the Egmont Group. This membership from this point of view rapidly integrating of

our country to the AML/CFT global system and strengthening its position as the

member of this system, is significant attainment.

Within implementing the Strategic plan of Financial Monitoring Service covering

2011-2013, have been planned realization of the following main tactical targets in

coming 2013th year.

(i)

1. For the purpose of improvement of national legislation on AML/CTF on the direction of adopting prepared legislative projects, preparing project of additions and exchanges on legislation for the purpose of implementing Warsaw Convention and developing of normative base for using databases of appropriate state authorities necessary works will be done.

Toward formation of organizational and administrative mechanismspreparation and application of new procedures, as continuation of developing measures of infrastructure on information technologies Reserve Centre will be established.

As HR developing measures, estimating employees' achievements will be realized, based on this, employees' motivation measures will be applied,targeted educational plan toward employees' professional growth will be implement after preparation.

Within formation of database and analytical potential on AML/CTF, presented forms of data connected with using of goAML software will be renewed, Organizational departmental rules of analytical works on AML/CTF ,connected with application of this software will be improved, at the moment for applying methods, tools, mechanisms will be given explanation for the purpose of discovering exactly situations on AML/CTF, and their discovering criterions will be renewed. Increasing employees' knowledge and skills on professional methods of analytical work has been adopted like preemptive targets in this year.

Within formation potential of control on AML/will be improved the database on the controlled objects of individual and artificial persons, rendering intermediary services in purchase and sale of real estate and pawnshops, for purpose of magnification measures of potential of this business subjects on AML/CTF appropriate training programs will be carried-out after preparation, cameral and mobile inspection measures purposely their increasing accountability on this sphere

have been launched.

.

For the purpose of strengthen of potential of participants , will be created and carried-out targeted training programs and curriculums on the basis of evaluation of educational needs of monitoring subjects, control authorities and law enforcement authorities. , based on professional methods.

e-learning portal and test exams in online state will be applied,terminological dictionary on AML/CTF will be prepared.Activities plan will be developed and implemented for definition and remedying shortcomings AML / CTF system of country in terms of evaluation by MONEYVAL AML / CTF system of country.

As priority aims toward magnification of internal co-operation, tasks about connecting to the appropriate databases of state authorities,also Organizational department of working group with appropriate authorities will speech.

As the main targets on enlarging international co-operation realization of activities in accordance with subscription of Memorandums of Agreement with foreign partners on AML/CTF, enlarging representation in appropriate working bodies and events, for the purpose of magnification of mutual contacts of FMS with international Organizational departments, including to ensure cooperation and data exchange with Egmont Group

have been define.

Tactical targets for 2012