7 VERDICTS ON MONEY LAUNDERING ARTICLE RETURNED AS OF OCTOBER 2009
PanARMENIAN.Net
16.10.2009 15:10 GMT+04:00
/PanARMENIAN.Net/ So far, there have been 7 verdicts on Money
Laundering article, of which 1 was returned in 2006 and 6 (still being
processed) – in 2006, Head of CBA Financial Monitoring Center Daniel
Azatyan told a news conference in Yerevan.
Financial Monitoring Center was established in 2005. Its functions
are aimed at combating money laundering and terrorism funding.
As of October 1, it has 417 financial and 639 non-financial accounting
organizations.
EU MANIVAL Committee has approved the report on the third stage of
fight against money laundering and terrorism funding.
MANIVAL Committee is a specialized agency making mutual assessment
of systems on combating money laundering and terrorism funding in EU
member states. Armenia has been a Committee member since 2006.