ARMENIA JOINING CIS AGREEMENT ON ANTI-MONEY LAUNDERING MEASURES
ARKA
April 2, 2008
YEREVAN, April 2. /ARKA/. Armenia’s Constitutional Court validated the
agreement between CIS countries on anti-money laundering measures
confirming the compliance of the agreement with the country’s
constitution.
The CIS agreement was signed between Armenia, Belarus, Kazakhstan,
Kyrgyzstan, Russia and Tajikistan in Dushanbe on October 5 2007.
The agreement is to improve the legal basis for anti-money laundering
measures and cooperation in it.
According to the opinion of the Central Bank of Armenia provided to
the Court the ratification is advisable.
According to the conclusion of the country’s Ministry of Justice,
the agreement does not conflict with the national laws and has no
norms that require amending the acting laws.
As per the note of the Ministry of Finance and Economy, joining the
agreement does not imply any additional financial obligations for
the country.
As of January 24 2008, none of the parties of the CIS agreement on
anti-money laundering measures has ratified the document yet.