Financial Crime World

Title: Anti-Corruption Committee of Armenia Bolsters Capabilities with New Partnership

Significant Collaboration to Strengthen Fight Against Financial Crimes

In a bold move to enhance its capabilities in combating financial crimes, the Anti-Corruption Committee of the Republic of Armenia has entered into a partnership with the International Centre for Asset Recovery (ICAR) of the Basel Institute on Governance.

New Partnership Reinforces Anti-Corruption Committee’s Efforts

  • Memorandum of Understanding (MoU) Signed: On 18th January 2022, the Anti-Corruption Committee and ICAR signed an MoU in Yerevan, marking the beginning of this strategic collaboration.
  • Ongoing Assistance: ICAR specialists will now provide continuous advice, technical assistance, and training to the Anti-Corruption Committee.

The primary objective of this partnership is to:

  1. Identify and recover assets acquired through corruption and other financial crimes: The collaboration will focus on domestic and foreign jurisdictions, addressing the challenge of assets hidden abroad.
  2. Bring accountability to those involved: This partnership aims to equip the committee with the necessary expertise to address cases involving assets held abroad and hold those involved in financial crimes accountable.

Quotes from Key Figures

Chairman Sasun Khachatryan

Sasun Khachatryan, Chairman of the Anti-Corruption Committee, expressed his gratitude to ICAR for their support and confidence in the collaborative work.

Gretta Fenner, Managing Director, Basel Institute

Gretta Fenner, the Managing Director of the Basel Institute, congratulated Chairman Khachatryan on his appointment and looked forward to working closely with the Anti-Corruption Committee.

Enhancing Capabilities to Tackle Financial Crimes

This newfound partnership is expected to:**

  • Bolster the Anti-Corruption Committee’s capacity: The commitment to collaborative efforts will strengthen the Anti-Corruption Committee’s ability to tackle corruption and other financial crimes.
  • Advance Armenia’s ongoing efforts in combating illicit activities: The partnership will contribute to Armenia’s ongoing efforts in combating these harmful activities.

For more information and press releases related to this partnership and the Anti-Corruption Committee, please visit the official Facebook page of the Anti-Corruption Committee of the Republic of Armenia.