Financial Crime World

Armenia’s Financial Crime Investigation Techniques Get Boost from International Experts

Enhancing Capabilities to Combat Financial Crimes

Yerevan - In a move aimed at enhancing its capabilities to combat financial crimes, Armenia’s Anti-Corruption Committee (ACC) has received training in advanced investigation techniques from international experts. The technical workshop was organized by the Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA), with support from the Swiss Agency for Development and Cooperation and the Embassy of Switzerland in Armenia.

Advanced Investigation Techniques

The event brought together 15 investigators from the ACC, who acquired new tools and skills in:

  • Criminal investigation
  • Intelligence collection
  • Analysis of corruption and money laundering crimes
  • Money laundering typologies
  • Financial investigative techniques to combat corruption and money laundering

Workshop Highlights

During the workshop, participants engaged in:

  • Crime simulation exercises
  • Money laundering investigations methods
  • Discussions on the interconnection between:
    • Corruption
    • Money laundering
    • Fraud

Commitment to Combating Corruption

“We are committed to studying advanced international experiences in combating corruption and adopting the best practices for tangible results,” said Mushegh Babayan, Acting Deputy Chairman of the ACC. “We appreciate the support of the OSCE and believe that this workshop will contribute to the development of professional skills among our investigators.”

Online Programme Launched

The training is part of an online programme launched in March 2022, aimed at assisting Armenia in institutionalizing its anti-corruption reform. The OSCE Project on strengthening anti-corruption reform in Armenia was financed by Switzerland, Italy, and Germany.

Conclusion

Lorenzo Rilasciati, Acting Deputy Co-ordinator at OCEEA, expressed enthusiasm for the workshop, noting that “we are pleased to develop capacity building and technical advice in the most effective methods to investigate money laundering to the ACC, which has already launched activities to combat corruption in Armenia.”