Fri, 5 September
26.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s financial monitoring center investigated one thousand reports about suspicious transactions

YEREVAN, August 22. /ARKA/. Over the past five years the Financial Monitoring Center (FMC) of Armenia’s Central Bank CBA has investigated about one thousand reports about suspicious transactions, provided by Armenian banks, FMC head, Daniel Azatian, told a news conference today.

“This year, we have already received about 150 reports about suspicious transactions. They are being investigated and, if necessary, all information is passed  to law enforcement agencies,” he said.
According to Mr. Azatian, suspicions are largely caused by transactions made by using cards, as well as by transactions with checks. He said a case was reported involving abuse of authority by employees of banks while concluding transactions.

“Over the past five years as a result of our joint work 18 court rulings were made and five cases involving  fraud and money laundering are being investigated now by courts,” he said.
Azatian said Armenia has never been considered by the international community, in particular the Council of Europe, as a country with a high risk of money laundering, in contrast to, for example,  Azerbaijan and Ukraine. He said in recent years the FMC received about 36 inquiries from international financial intelligence agencies, up from 18 in 12 months last year.
The FMC  was founded December 14, 2004. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

Acba Bank’s 66th branch launched

Acba Bank has launched its 66th branch, "Homeplex Mall". The branch is open from Monday to Sunday from 09:00 to 24:00 (cash service: 09:00-21:15).

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img