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

1ARMEA2010001 Image
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Release Date: © January, 2010
ISBN : 978-1-45180-177-4
Stock #: 1ARMEA2010001
Stock Status: On back-order

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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.


Anti-money laundering , Economic sectors , Financial institutions and markets , International financial system , Legislation , Private sector

More publications in this series: IMF Staff Country Reports