YEREVAN, March 28. /ARKA/. Automated system of management of Financial Monitoring Center of Central Bank will be introduced in Armenia. A meeting was held devoted to automated system of management where the Head of CB Armenia Artur Javadyan, US Ambassador in Armenia Marie Jovanovich, representatives of Prosecutor’s Office, Foreign Ministry, Police, national Security Service, Union of Armenian Banks and AI Partnership were present. Automated system of management was developed and introduced in the frames of the program implemented since 2005 in accordance with the agreement signed between Financial Monitoring Center of CB Armenia of CB Armenia and Bureau of US State Department on international issues of struggle against drugs and law. “CB Armenia emphasizes the importance of comprehensive management of information related to money laundering and funding of terrorism”, said Javadyan. He thanked the US Government for another program to be implemented in the frames of technical assistance which allowed to introduce the automated system. Javadyan expressed confidence that cooperation of CB Armenia and US Embassy will continue. In 2011 a number of other programs targeted at the struggle against money laundering and funding of terrorism will be implemented. Jovanovich said that automated system of management of Financial Monitoring Center of CB Armenia is an important project. The system provides automated management of documents and cases related to money laundering and funding of terrorism, implementation of detailed search in available databases, analysis of financial transactions and flows, detection of obvious and hidden relations between the objects of analysis and description of results of analysis in graphic and program formats. The system contains also instruments of data processing for the detection of tendencies and creation of typology of money laundering and funding of terrorism. Financial Monitoring Center of CB Armenia is provided with necessary equipment (servers, computers, printers and scanners). –0–
