Armenia: Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

January 11, 2010

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Format: Chicago

Armenia: Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2010) accessed September 19, 2024

Summary

This paper assesses observance of standards and codes on the Financial Action Task Force (FATF) recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) for Armenia. The assessment reveals that Armenia has made considerable improvements in its AML/CFT framework in a relatively short timeframe, particularly by replacing the first AML/CFT law, enacted in 2005, with a more comprehensive law, which was passed in 2008. It is also found that the money laundering offence in Armenia is criminalized broadly in line with the international standard.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism, Terrorism financing

Keywords: AML law, Anti-money laundering and combating the financing of terrorism (AML/CFT), Armenian AML, Authority, CFT policy consideration, Compliance supervision, CR, ISCR, Law enforcement authority, Legal support in revenue administration, Money laundering, Offense, Predicate offense, Preventive measure, Terrorism, Terrorism financing

Publication Details

Pages:

15
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/008
Stock No:

1ARMEA2010001
ISBN:

9781451801774
ISSN:

1934-7685

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