Armenia: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

January 11, 2010

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Armenia: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This detailed assessment report focuses on antimoney laundering and combating the financing of terrorism (AML/CFT) for Armenia. The report reveals that Armenia’s financial system remains small and bank dominated. Total assets of the banking sector accounted for approximately 91 percent of the assets in the financial system. Most banks are domestically owned but there is a major foreign presence in the system. The nonbank financial sector plays a small role in financial intermediation.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), CFT law, CR, Due diligence, Europe, Financial institution, ISCR, Legal proceeding, Legal support in revenue administration, Life sentence, Money laundering, Terrorism financing, Terrorism financing

Publication Details

Pages:

454
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/009
Stock No:

1ARMEA2010002
ISBN:

9781451801781
ISSN:

1934-7685

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