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 | About 32,000 rally in Yerevan to deman Pashinyan’s resignation About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan. Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty. Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. |