ARMENIA FIGHTS FINANCIAL CRIME WITH EUROPEAN UNION AND COUNCIL OF EUROPE SUPPORT
A New Project to Strengthen Anti-Corruption Efforts in Armenia
Yerevan - The Council of Europe Action against Economic Crime Department, in partnership with the Armenian Ministry of Justice and other institutions, has launched a new project to enhance Armenia’s capacity to prevent corruption and money laundering. This EUR 630,000 project is part of the European Union and Council of Europe’s joint “Partnership for Good Governance” initiative.
Addressing Key Challenges
The Armenian government has identified corruption, money laundering, and economic crime as significant obstacles hindering the country’s development. The project aims to provide tailored support to improve Armenia’s legislative and institutional frameworks, build technical capacities, and raise awareness about anti-corruption and integrity issues.
Project Objectives
- Strengthening legislative, strategic, and institutional frameworks for effective corruption prevention
- Improving the effectiveness of detection, investigation, prosecution, and adjudication of corruption-related offenses
- Advancing anti-money laundering, countering terrorism financing, and related asset recovery
Co-Funding and Stakeholder Involvement
The project is co-funded by the European Union (80%) and the Council of Europe (20%). It will involve a range of stakeholders, including government institutions, civil society organizations, and the general public.
Commitment to Good Governance
“We are committed to supporting Armenia in its efforts to combat corruption and money laundering,” said an EU representative. “This project is an important step towards strengthening good governance and promoting transparency and accountability in Armenia.”
The Partnership for Good Governance has been supporting Eastern Partnership countries since 2015, with a focus on strengthening justice, countering economic crime, promoting equality, and combating violence against women. The current project builds on the results of previous phases and aims to further improve Armenia’s capacity to prevent corruption and money laundering.