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

International Monetary Fund

No 2010/009, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; CFT law; legal proceeding; life sentence; due diligence; financial institution; terrorism financing; Anti-money laundering and combating the financing of terrorism (AML/CFT); Legal support in revenue administration; Terrorism financing; Money laundering; Europe (search for similar items in EconPapers)
Pages: 454
Date: 2010-01-11
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