Zaur Hajili, head of the Analytical Department of the Financial Monitoring Service under FMSB said that to date, a large number of measures to modernize this legislation have been implemented to date and these works on the part of the Chamber are underway.
The control itself is carried out on the basis of the mechanism created by FMSB and the State Customs Committee.
Ceretti and Cornelli (2013) contend that El Sistema is a microcosm of an ideal society They outline how the Inter-American Development Bank, a financial supporter of FMSB, has calculated that for every $1.00 invested, related social benefits have created a return of $1.68.
Govias' delineation, adopted by numerous El Sistema programs, has been officially approved by FMSB and is promoted by the organization.
As quoted by founder Perrie Peverall, the Abbottsford-based Bakerview Music Academy (BMA), one of Canada's newest nucleos, was directly inspired by both SJMA and FMSB. Like SJMA, BMA offers nutrition and music teaching free of charge on an afterschool basis.
SNB maintains strong links to FMSB, the result of its Board of Directors' learning tour to Caracas during pre-operational stages and the hiring of Music Director Antonio Delgado, a product of FMSB.
Addressing the event, Babayev, head of Legal and Methodology Department of FMSB mentioned that banks in Azerbaijan should create a consortium and the state should provide tax benefits to solve the issue of non-performing loans (NPLs) in the country.
Babayev stated that solving this problem requires not only changes in legislation, but also institutional reforms, further adding that to solve the problem, FMSB created a special working group.
In turn, head of the Department for the Supervision of Payment Systems of FMSB said that in the future, mobile operators can become serious competitors for banks and payment organizations.