Wednesday, August 22 2012 20:49
Over 5 past years Financial Monitoring Center of Armenia investigated nearly 1,000 suspicious banking transactions
ArmInfo. Over the past 5 years, the Financial Monitoring Center of the Central Bank of Armenia investigated nearly 1,000 suspicious transactions. The reports on these transactions have been provided from the Armenian banks, Head of the Financial Monitoring Center Daniel Azatyan said at today's briefing.
He said that the number of the reports on suspicious transactions provided to the Center by the banks has reached 150 this year. These reports are currently being considered by the Financial Monitoring Center and will be transferred to the law-enforcement bodies for investigation if necessary.
Azatyan pointed out that over the past 5 years 18 court decisions on cases of illegal banking operations were made as a result of the joint work of the Financial Monitoring Center and the law-enforcement agencies. At the moment, 5 cases on fraud and money laundering are in court. Many of the cases under consideration are connected with fraud and blackmailing offenses through e-messages about a big gain.
He added that over the past few years the Financial Monitoring Center received nearly 36 applications from international financial intelligence bodies for investigation of financial operations. In 2011 about 18 such applications were received. "However, the international community has never considered Armenia to be a country with high risk of money laundering, unlike Azerbaijan or Ukraine", he stressed.
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