Armenian president refuses to sign into law two bills passed earlier by national assembly

YEREVAN, February 6. /ARKA/. Armenian President Armen Sarkissian refused today to sign into law two bills passed earlier by the National Assembly, his press office reported. It said one of the bills is about a set of amendments made to the law on Criminal Procedure and the other is about amendments made to the law on Bank Secrecy.

The president explained his refusal to sign the bills by the fact that some provisions in them are problematic in terms of constitutionality.

“The president did not sign these bills into law and asked the Constitutional Court to determine their compliance with the Constitution,” a statement by Sarkissian’s press office said.

On January 22, 2020, the National Assembly approved amendments to the laws on Criminal Procedure and Bank Secrecy, which remove restrictions on bank secrecy. Under the current law, bank secrecy can be disclosed only with respect to suspects and accused. The bills remove these restrictions, although they provide specific mechanisms of guarantees.

In particular, requirements for requests for access to bank secrecy have been strengthened and a guarantee has been established in the form of prosecutorial oversight. -0-

spot_img

POPULAR

Why Armenia’s capital market remains bank-driven: 5 insights from Landmark Capital’s CEO 

Gor Gevorgyan assesses Armenia's economy as growing, the country has significant private capital, and the infrastructure and legislative framework for market development as sufficient.

Armenia’s capital market still lags behind the economy’s real potential: Cube Invest’s CEO

The depth of Armenia's capital market still lags behind the country's real economic potential, said Mikael Margaryan, CEO of the investment company Cube Invest.

Central Bank of Armenia puts into circulation a commemorative silver coin for the 35th anniversary of the Republic

The Central Bank of Armenia will put into circulation a silver commemorative coin, "35th Anniversary of the Republic of Armenia," on September 14, 2026, the regulator's press service reported.

Unlocking Premium Flight Privileges: IDBank joins Visa and Wizz Air to Introduce Next-Generation Travel Privileges in Armenia

IDBank is the first in the CIS and Southeastern Europe to introduce the new Visa Wizz Air Platinum co-branded travel card.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (September 7–13)

Armenia's financial agenda last week focused primarily on the capital market, the banking sector, government borrowing, and the development of payment infrastructure.

LATEST NEWS

spot_imgspot_imgspot_img