New Documents

The Financial Monitoring Centre of the Central Bank of Armenia issued a notice regarding changes to the sanctions list with respect to Libya.

The Central Bank of Armenia’s Financial Monitoring Centre issued a notice regarding changes to the sanctions list with respect to the Central African Republic.

Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department labels Armenia as a major money laundering jurisdiction. It is located on a trade route between narcotics source countries and European and Russian markets. Corruption, smuggling, the real estate sector, significant inflows of remittances from other countries, the shadow economy and the widespread use of cash are major money laundering vulnerabilities.  Some money laundering investigations have been hindered by bank secrecy laws that require investigators to indict a suspect before obtaining banking records. Armenia has know-your-customer requirements and suspicious transaction requirements. In addition, it maintains enhanced due diligence rules for politically exposed persons.
-Source: 2020 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 19 High : 0
Largely Compliant : 18 Substantial : 6
Partially Compliant : 3 Moderate : 3
Non-Compliant : 0 Low : 2

Armenia's technical compliance was re-rated in a follow-up report on Sept. 7, 2018.


Rank : 79/141
Score : 5/10


Rank : 60/180
Score : 49/100

Tax Justice Network i

Rank : N/A
Score : N/A