Armenia recorded progress in fighting against money laundering: Central Bank

YEREVAN, FEBRUARY 5, ARMENPRESS. "Armenpress" had a conversation with the Head of the Center of Financial Monitoring of the Central Bank of the Republic of Armenia Daniel Azatyan regarding the progress Armenia has recorded in fighting against money laundering/terrorism financing in the spheres of legislative reforms and judicial practice.

- What are the recent developments in regulating the sphere of fighting against money laundering/terrorism financing? To what extent Armenia has implemented the international standards in this sphere?

- In 2009 the experts of the International Monetary Fund have rated the stage of the Armenian system of fighting against money laundering and terrorism financing, and the MANIVAL Committee of the Council of Europe approved the report. In accordance with the aforesaid report the Republic of Armenia has recorded essential progress in the financial, judiciary, and legal spheres.

- What comments have the courts rendered regarding the implementation of the theses of the law on fighting against money laundering in practice?

- The practice tells us about the progress our country has recorded in the sphere of fighting against money laundering and terrorism financing during the recent years. In my opinion our way of fighting against these all is quiet efficient and it must be supplied with new means and mechanisms. In this regard I would like to mention the decision of the Court of Appeals dated to 24.02.2011. (THE FULL VERSION OF THE INTERVIEW IS AVAILABLE IN ARMENIAN)