BAKU, Azerbaijan, May 12. Azerbaijan and
Türkiye have discussed cooperation opportunities in the banking and
insurance sectors, Trend reports via the Central Bank of Azerbaijan
(CBA).
The CBA delegation paid a working visit to the Banking
Regulation and Supervision Agency and the Insurance and Private
Pension Regulation and Supervision Agency of Türkiye.
During the visit, extensive discussions and exchange of
experiences were held on risk assessment in the field of anti‑money
laundering and counter‑terrorist financing (AML/CFT) in the banking
and insurance sectors, the methodology for implementing control
measures, including on-site and off-site inspections, the
risk-based control approach, and the application of relevant
sanctions.
