MONEYVAL - Mutual Evaluation Armenia - 2015
In the first report published by FATF-Style Regional Body MONEYVAL, in its 5th Mutual Evaluation Round, Armenia is urged to develop an effective national policy to investigate and prosecute money laundering. The report analyses the implementation by Armenia of international standards on money laundering and terrorist financing since the last evaluation in 2009, and recommends an action plan to address the shortcomings.
Council of Europe experts have identified significant weaknesses in the investigation and prosecution of money laundering in Armenia and have urged the authorities to take immediate action to ensure that law enforcement efforts are fully commensurate with the money laundering risks faced by the country. Overall, however, Armenia has made adequate progress in establishing a sound legal framework, and the financial sector was found to be effective in the application of preventive measures. The mechanisms for detecting and preventing financing of terrorism and proliferation are to a large extent effective.
Armenia is to report back to MONEYVAL in April 2018 on the follow-up measures. An interim report will be submitted in December 2016 on some aspects of the action plan.
Download the report:
Full report including executive summary and ratings tables
Earlier reports or statements on Armenia's measures to combat money laundering and terrorist financing