Wed, 4 February
0.1 C
Yerevan
USD: 378.44 RUB: 4.93 EUR: 446.07 GEL: 140.62 GBP: 516.76

CB denies reports that officials are involved in money-laundering scams

YEREVAN, November 5, /ARKA/. Armenia’s Central Bank denied today media reports claiming that some high-level government officials were involved in money-laundering scams. The Central Bank said in a statement that its Center for Financial Monitoring, empowered to fight money-laundering and financing of terrorism, collects and analyzes on a daily basis all related information.

On October 29 Armenian Prime Minister Tigran Sarkisian said government officials, accused by a parliament member of money laundering, must give public explanations. According to the prime minister, in an interview to an Armenian newspaper, ‘168 Zham’ (168 Hours), a non-partisan parliament member Viktor Dalakian said he knows that some government officials are engaged in money-laundering operations.
“This is a signal to prosecutors and the Central Bank to give public explanations to Viktor Dalakian’s statement,’ Tigran Sarkisian said, adding that Dalakian’s statement is ‘a serious signal for the government to step up its efforts for revealing money-laundering instances.

‘Over the last four years, since its inception, the Center for Financial Monitoring that receives information from law-enforcement agencies, other government bodies with controlling powers, as well as from its foreign partners about suspicious transactions, has never received any report that high-level Armenian government officials were involved in money laundering operations,’ the statement said.

“The Center for Financial Monitoring is a member of an international organization dealing with financial intelligence and has a database about involvement of senior officials of different foreign governments in various crimes. It investigates very carefully all information about high-ranking Armenian government officials,’ the statement said adding that the Center for Financial Monitoring did not receive information about the involvement of Armenian officials in money laundering scams.

The Center for Financial Monitoring has to report on its activity to the Central Bank Council and a special Inter-Agency Commission on Money Laundering. Its annual reports are posted on its official website and are disseminated also to media.

The Central Bank stressed also that the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) approved recently the report on the third stage of measures to counter money laundering and financing of terrorism in Armenia, noting a substantial progress recorded in anti-money laundering measures within financial, law enforcement and legal systems. The Committee’s report pointed out improved efficiency of preventive measures, which means that the largest part of respective international standards are introduced in the country. M.M. -0-

spot_img

POPULAR

Board of the Central Bank of Armenia left the refinancing rate unchanged at 6.50%

At its meeting on February 3, the Board of the Central Bank of Armenia kept the refinancing rate at 6.50%.

Euro ups 3.39 points against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market on January 29, 2026, increased by 0.24 points compared to January 26, reaching 379.1 drams.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Armenia Ranks Third in Russian Business Account Requests — NSV Consulting

In 2025, Russian business representatives expressed interest in opening accounts in more than 20 foreign jurisdictions.

Euro drops against Armenian dram while US dollar ups a little

The average market exchange rate for the US dollar to the Armenian dram on February 2, 2026, increased by 0.39 points compared to January 30, reaching 379.03 drams.

LATEST NEWS

spot_imgspot_imgspot_img