Investigative Committee of Armenia intends to fight bank fraudsters together with  Central Bank

YEREVAN, May 12. /ARКА/. Armenia’s Investigative Committee, together with the Central Bank, are set to develop a string of tools and mechanisms that will help prevent fraudsters from stealing citizens’ money, the head of the Investigative Committee Artur Poghosyan said today in parliament.

He said a special commission was created, which is currently working on solving the problem. ‘Research has shown that most of these transactions are carried out through several banks and very often, the fraudstaers are outside of Armenia,” Poghosyan noted.

He noted that the Investigative Committee has a separate specialized unit that investigates various types of cybercrime.

“Recently, we have received many signals and initiated numerous criminal cases involving bank fraud. A number of cases have already been solved, and the Investigative Committee regularly publishes information on the results achieved. In cases where members of criminal groups were located in Armenia, we have achieved good results – criminal prosecutions are underway, cases are being referred to court. However, analysis shows that the key figures are outside the country,” Poghosyan said.

He also added that recently, in the process of cooperation with colleagues from other countries, crimes committed abroad have been identified in which Armenian citizens were involved.

In recent months, cases of banking fraud have become more frequent in Armenia, in particular, fake announcements on social networks allegedly of banks invite citiznes to obtain loans remotely.

In this regard, Deputy Chairman of the Central Bank Armen Nurbekyan said that in the context of the fight against banking fraud, the issue of tightening some identification requirements for online loans, is being discussed, including fraud insurance mechanism.-0-

spot_img

POPULAR

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.

In January, commercial bank deposits in Armenia decreased by 0.3%, while lending expanded by 1.1% – WB

In January 2026, commercial bank deposits in Armenia decreased by 0.3% (MoM), while loans grew by 1.1% (MoM), according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Central Bank of Armenia and banks are ready to tighten mechanisms to combat telephone fraud – Galstyan

The Central Bank of Armenia, together with banks, is ready to introduce stricter mechanisms to prevent telephone fraud, stated regulator head Martin Galstyan, responding to a question from the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img