CBA develops system to combat money laundering and terrorism financingMarch 28, 2011 - 15:50 AMT PanARMENIAN.Net - On March 28, Yerevan hosted an event dedicated to introduction of an Automated Management System of the Center of Financial Monitoring at the Central Bank of Armenia (CBA). “CBA attaches importance to comprehensive management, safe maintenance and efficient analysis of information related to money laundering and terrorism financing,” CBA Chairman Arthur Javadyan said during the event. He expressed gratitude to the U.S. authorities for the technical aid to introduce the system and expressed hope that the cooperation between the CBA and U.S. embassy will be continued through implementation of other programs on development of the system on struggle against money laundering and terrorism financing. U.S. Ambassador to Armenia Marie Yovanovitch said for her part that the Automated Management System is an important project for tackling money laundering and terrorism financing. The most efficient method of the struggle against money laundering is to deprive criminals of the opportunity to manage their incomes, she said. Representatives of the Office of RA Prosecutor General, MFA, Police, National Security Service, Union of Armenian Banks and AI Partnership organization also participated in the event. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. Baku: EU, U.S. share responsibility for Armenia’s “destabilizing actions” Azerbaijan has declared that the European Union and the United States will share responsibility for any destabilizing actions of Armenia Armenia to sing in 2nd semi-final of Eurovision The organizers of Eurovision 2024 have revealed the running order of the countries in the two semi-finals. |