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ARMENIA RANKS AS 10TH COUNTRY IN FIGHT AGAINST MONEY LAUNDERING AND TERRORISM FUNDING
PanARMENIAN.Net
16.10.2009 14:31 GMT+04:00
/PanARMENIAN.Net/ Armenia ranks as the 10th country in fight against
money laundering and terrorism funding, Head of RA CBA Financial
Monitoring Centre Daniel Azatyan told a news conference in Yerevan.
He told journalists that a leading country in the list is Slovenia;
Cyprus, Hungary and Baltic states come next. All CIS countries
fall behind Armenia, with Russia ranking as the 13th and Ukraine as
the 25th state directly followed by Georgia. Azerbaijan is the 25th
country in the list. Countries like Serbia, Macedonia and Montenegro
were not included in evaluation report.
According to EU report approved by MANIVAL Committee, Armenia has
fixed certain positive results towards compliance with international
standards on fight against money laundering and terrorism funding. The
country complies with 6 recommendations fully, 20 recommendations -
almost fully and 17 recommendations - partially. It does not meet 5
standards and 1 recommendation concerning financial sphere.
PanARMENIAN.Net
16.10.2009 14:31 GMT+04:00
/PanARMENIAN.Net/ Armenia ranks as the 10th country in fight against
money laundering and terrorism funding, Head of RA CBA Financial
Monitoring Centre Daniel Azatyan told a news conference in Yerevan.
He told journalists that a leading country in the list is Slovenia;
Cyprus, Hungary and Baltic states come next. All CIS countries
fall behind Armenia, with Russia ranking as the 13th and Ukraine as
the 25th state directly followed by Georgia. Azerbaijan is the 25th
country in the list. Countries like Serbia, Macedonia and Montenegro
were not included in evaluation report.
According to EU report approved by MANIVAL Committee, Armenia has
fixed certain positive results towards compliance with international
standards on fight against money laundering and terrorism funding. The
country complies with 6 recommendations fully, 20 recommendations -
almost fully and 17 recommendations - partially. It does not meet 5
standards and 1 recommendation concerning financial sphere.