ArmInfo. The financial regulator sees the feasibility of introducing a centralized register of bank accounts. This was announced following a meeting of the RA NA Standing Committee on Budget, Financial and Credit Issues.
Introducing the draft law on amendments to the RA Law on the Central Bank, Deputy Chairman of the Central Bank of the Republic of Armenia Nerses Yeritsyan noted that the need to introduce such a register comes from the general standards for combating money laundering and terrorist financing. In the future, these changes, according to him, will allow to develop innovative ideas related to the automation of bank accounts of citizens, the introduction of electronic currency, etc.
At the same time, Yeritsyan noted that the register does not contain information about the account balance or current movements of funds. He explained that the effectiveness lies in the fact that during various analyses and communications with law enforcement agencies, not all accounts or banks will be questioned, and only those that are the subject of dispute will be selectively collected.
Yeritsyan also added that from the point of view of the innovative nature of the register, there is an idea to create a national identification system in the future, within which every citizen will have an account. In this context, he noted that the centralized register will allow offering citizens various combined services, including outside the country.
