MONEYVAL REGISTERS PROGRESS IN ARMENIA’S EFFORTS IN FIGHTING MONEY LAUNDERING
Nvard Davtyan

"Radiolur"
16.10.2009 18:28

Armenia occupies the 10th place among 25 countries of the Council of
Europe (CoE) as to meeting international standards for fighting money
laundering and terrorism financing, Head of the Financial Monitoring
Center of the Central Bank (CB) of Armenia Daniel Azatyan told a
press conference today, referring to the report of CoE Committee of
Experts on the Evaluation of Anti-Money Laundering Measures and the
Financing of Terrorism (MONEYVAL).

Daniel Azatyan noted that in the report, among the post-soviet
countries, Armenia yields only to Lithuania, Latvia and
Estonia. According to him, the systems for fighting money laundering
and terrorism financing in Armenia have received the high assessment
of the Committee.

In particular, significant progress has been registered in legal,
financial and law-enforcement spheres.