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Improving the Legal and Regulatory Environment for Anti-money Laundering (AML) and Combating Terrorist Financing (CTF) Framework

Improving the Legal and Regulatory Environment for Anti-money Laundering (AML) and Combating Terrorist Financing (CTF) Framework

Within the framework of this assignment the consultant was contracted to implement a number of activities aimed at improvement of legal and regulatory system for AML/CTF.

The following activities was undertaken during the implementation of the project:

  • Review of best international practice on AML/CTF and comparative analysis of RA legal, regulatory and institutional base,
  • Elaboration of recommendations’ package and action plan on improvement of Armenian legal and regulatory base on AML/CTF,
  • Design of special tools necessary for implementation of checks and analysis during registration and operation of casinos, lotteries and other gambling,
  • Implementation of special training on use of special tools for responsible official,

Facilitation of study tours to most advanced countries to exchange knowledge and experience on AML/CTF.