Moneyval approves evaluation report on anti- money laundering measures in Armenia

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Economy

25.09.2009, 17:24

CE Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) approved the report on the third stage of measures to counter money laundering and financing of terrorism in Armenia.

YEREVAN, September 25. /ARKA/. CE Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) approved the report on the third stage of measures to counter money laundering and financing of terrorism in Armenia.

Substantial progress has been recorded in anti-money laundering measures within financial, law enforcement and legal systems in Armenia, the press service of Armenia’s Central Bank reported.

The Committee’s report points out improved efficiency of preventive measures, which mean that most part of respective international standards is introduced in the country.

MONEYVAL was established in 1997 as an evaluation and peer pressure mechanism.

Armenia joined MONEYVAL in 2006 and since then has been actively involved in the process. –0--

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