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Armenian central bank dismisses Iran's financial operations through
Armenia to bypass sanctions
news.am
August 21, 2012 | 16:54
YEREVAN.- Iran's possible financial operations through Armenia, in
order to bypass sanctions imposed by the West, would have influenced
Armenia's financial market, said a representative of the Central Bank
of Armenia.
Head of financial monitoring department at the Central Bank of Armenia
(CBA) Daniel Azatyan commented for Armenian News-NEWS.am on the recent
publication by Reuters agency.
Azatyan said CBA would present the details in a statement which will
be issued in the near future.
In an article `Iran looks to Armenia to skirt sanctions' Reuters cited
the report by U.N. panel of experts that monitors compliance with the
sanctions against Tehran. The report said Iran is seeking ways to
bypass sanctions.
`One state bordering Iran informed the Panel of requests from Iran to
open new financial institutions,' the agency cited the report. The
article said several diplomats familiar with the report confirmed the
state is Armenia.
Among the possible partner banks the author mentions Mellat bank's
Armenian branch and ACBA Credit Agricole. Nevertheless, ACBA executive
director Stepan Ghishyan dismissed the reports. As to Mellat, CBA said
the bank was disconnected from the international SWIFT system and
cannot accept international money transfers.
Armenia to bypass sanctions
news.am
August 21, 2012 | 16:54
YEREVAN.- Iran's possible financial operations through Armenia, in
order to bypass sanctions imposed by the West, would have influenced
Armenia's financial market, said a representative of the Central Bank
of Armenia.
Head of financial monitoring department at the Central Bank of Armenia
(CBA) Daniel Azatyan commented for Armenian News-NEWS.am on the recent
publication by Reuters agency.
Azatyan said CBA would present the details in a statement which will
be issued in the near future.
In an article `Iran looks to Armenia to skirt sanctions' Reuters cited
the report by U.N. panel of experts that monitors compliance with the
sanctions against Tehran. The report said Iran is seeking ways to
bypass sanctions.
`One state bordering Iran informed the Panel of requests from Iran to
open new financial institutions,' the agency cited the report. The
article said several diplomats familiar with the report confirmed the
state is Armenia.
Among the possible partner banks the author mentions Mellat bank's
Armenian branch and ACBA Credit Agricole. Nevertheless, ACBA executive
director Stepan Ghishyan dismissed the reports. As to Mellat, CBA said
the bank was disconnected from the international SWIFT system and
cannot accept international money transfers.