Mon, 9 June
28.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenian Central Bank’s Financial Monitoring Center meets best international criteria

YEREVAN, July 12. / ARKA /. Armenian prime minister Tigran Sarkisian praised today the Financial Monitoring Center of the Central Bank of Armenia when meeting a delegation of financial intelligence units of Egmont Group headed by the chairman Boudvinom Verhelstom, saying it conforms with best international standards.

Yerevan is hosting from 11 to 15 July an Egmond committee meeting. The participants are discussing co-operation of financial intelligence in the fight against money laundering and terrorism financing. The meeting has brought about 290 delegates from 102 countries and several international institutions like IMF, WB and FATF.

“I am glad that Egmont Group decided to hold its recurrent meeting in Armenia. It is a great honor to receive the delegates in Armenia, to discuss the challenges facing the financial intelligence units, the existing problems and further action,” Sarkisian was quoted by the government press service as saying.

“The Armenian authorities have always attached great importance to the issues of money laundering and, from this point of view, the country’s rating has always been good,” said the prime minister.

He stressed that the exchange of experience at international and regional levels will contribute to increased efficiency of financial intelligence units.

Egmont was established in 1995 at the initiative of financial intelligence authorities of Belgium and the United States and now it includes financial intelligence agencies of 120 countries.  -0-

spot_img

POPULAR

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Central Bank leaves refinancing rate unchanged taking into account high uncertainty in US economic policy

The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as  the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and  a possible  weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img