Armenia Steps Up Efforts to Combat Money Laundering with Advanced Detection Methods

Enhancing Capabilities in Investigating and Prosecuting Economic Crime Cases

In a bid to strengthen its capabilities in investigating and prosecuting economic crime cases, Armenia has received training on financial investigation and prosecution of money laundering offenses from the Council of Europe. The two-day workshop brought together 30 participants comprising investigators, prosecutors, analysts, and representatives from the Ministry of Internal Affairs and the Ministry of Justice.

Objectives of the Training

The training aimed to improve the skills of law enforcement authorities in:

• Identifying, tracing, and seizing assets at an early stage of an investigation
• Advancing proactive financial investigations for money laundering and predicate offenses
• Raising awareness about the importance of financial investigations in investigation and prosecution

Key Topics Discussed

During the workshop, participants engaged in a productive discussion on:

• Operational stages of financial investigations, sharing their experiences and challenges faced in tackling money laundering cases
• International cooperation mechanisms and confiscation methods through case scenarios and internal practices

Ongoing Support for Armenia’s Law Enforcement Authorities

The project, co-funded by the European Union and the Council of Europe, will continue to support Armenia’s law enforcement authorities in improving their internal practices and skills in investigating and prosecuting economic crime cases in line with international standards and best practices.

Part of a Larger Initiative

This training is part of the “Enhancing national capacities for effective prevention and fight against economic crime in Armenia” project, being implemented by the Council of Europe as part of its Partnership for Good Governance III 2023-2027.