Here is the converted article in Markdown format:
Financial Intelligence Unit Plays Crucial Role in Combatting Money Laundering and Terrorist Financing in Armenia
In a move to strengthen its efforts against money laundering and terrorist financing, the Central Bank of Armenia established the Financial Monitoring Center (FMC) in 2005 as a separate unit. This financial intelligence unit serves as an intermediary between reporting entities and law enforcement authorities, playing a vital role in combating these illicit activities.
Organization and Functions
The FMC’s powers are defined by the Law on Combating Money Laundering and Terrorist Financing of the Republic of Armenia, while its organizational structure and functions are outlined in the FMC Statute. The Center is headed by Arakel Meliksetyan, who has been at the helm since inception.
AML/CFT Activities: A Key Focus Area
The primary function of the FMC is to collect, analyze, and exchange information for anti-money laundering (AML) and combating the financing of terrorism (CFT) purposes. Moreover, the Center actively participates in international AML/CFT initiatives by representing the Republic of Armenia in various organizations.
- The National Anti-Money Laundering and Counter-Terrorist Financing Strategy outlines the areas and goals of the AML/CFT activities, while the strategic areas and goals of the regime are also defined within this framework.
Contact Information
For those seeking to get in touch with the FMC, there are several contact phone numbers available:
- +374 10 545088 - Head of the FMC
- +374 10 561601 - Analysis Division
- +374 10 592573 - Legal Compliance Division
- +374 10 592575 - International Relations Division
- +374 10 592933 - International System Design and Development Division
Alternatively, individuals can visit the official website at cba.am/ru/SitePages/fmcabout.aspx or drop by the office located at:
6, Vazgen Sargsyan Street Yerevan, 0010, Armenia
I hope this helps! Let me know if you have any further requests.