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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |