Wed, 17 September
20.1 C
Yerevan
USD: 383.12 RUB: 4.63 EUR: 452.35 GEL: 141.48 GBP: 522.04

Moneyval committee team to evaluate Armenia’s progress in fighting against money laundering

YEREVAN, May 25. / ARKA /. An evaluation group of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, a monitoring body of the Council of Europe, headed by the Secretary General of the Committee John Ringguth will be visiting Armenia from May 25 to June 6, the Central Bank of Armenia reported today.

It said the purpose of the visit is to assess the 5th stage of the fight against money laundering, financing of terrorism and proliferation of weapons of mass destruction. The focus in the evaluation will be on the effectiveness of the recommendations of the FATF (Financial Action Task Force) to combat money laundering, it said.

The evaluation will be given, in particular, in terms of international cooperation, oversight of financial and non-financial sectors, application of preventive measures by individuals providing statements.

During the visit, members of the evaluation team will meet with representatives of an inter-agency commission on the fight against counterfeiting, counterfeit cards and other payment instruments, money laundering and financing of terrorism and also with employees from the Center for Financial Monitoring of the Central Bank, representatives of government agencies and private sector involved in the fight against money laundering and terrorism financing.

Armenia joined the Moneyval Committee in -0-

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

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