Armenia Improves Financial Crime Prosecution Strategies with Council of Europe Training
Yerevan, Armenia - September 5-6, 2023
In an effort to strengthen its law enforcement capabilities in combating economic crime, Armenia has partnered with the Council of Europe to improve financial investigation and prosecution skills among investigators, prosecutors, and analysts.
Strengthening Law Enforcement Capabilities
The training session on Financial Investigation and Prosecution of Money Laundering Offences was attended by 30 participants from various law enforcement agencies, including the Ministry of Internal Affairs and the Ministry of Justice. The event aimed to enhance the capacities of dedicated investigative and prosecution structures to effectively identify, trace, and seize assets in money laundering investigations.
Increasing Awareness and Collaboration
The training activity focused on increasing awareness about financial investigations and their importance in investigating and prosecuting economic crimes. Participants engaged in a productive discussion on operational stages of financial investigations, sharing challenges faced by law enforcement agencies in Armenia. International cooperation mechanisms for money laundering investigations and confiscation procedures were also discussed through case scenarios and internal practices.
Supporting Armenian Law Enforcement Authorities
The project, co-funded by the European Union and the Council of Europe, aims to support Armenian law enforcement authorities in improving their skills and practices in investigating and prosecuting economic crimes in line with international standards and best practices. Armenia’s efforts to enhance its financial crime prosecution strategies are a significant step towards combating money laundering and predicate offenses.
Commitment to Good Governance
Armenia is committed to strengthening its anti-money laundering regime and preventing the misuse of its financial system for criminal activities. The Council of Europe’s Partnership for Good Governance III 2023-2027 program, which supports Armenia in this effort, demonstrates the organization’s commitment to promoting good governance and combating economic crime in the region.
Key Takeaways
- 30 participants from law enforcement agencies attended the training session
- Focus on increasing awareness about financial investigations and their importance
- Discussion on operational stages of financial investigations and international cooperation mechanisms
- Project aims to support Armenian law enforcement authorities in improving skills and practices in investigating and prosecuting economic crimes
- Armenia committed to strengthening anti-money laundering regime and preventing misuse of its financial system for criminal activities