The support to Armenia in reinforcing its ability to prevent and combat money laundering and terrorist financing is continuous. This includes helping key national institutions, particularly the notarial and legal sectors, better understand financial crime risks, recognize warning signs, and respond effectively to suspicious activities.
The latest workshop brought together representatives from the Ministry of Justice, notaries, and the State Register of Legal Entities. It offered a practical space to discuss new money laundering and terrorist financing risks affecting legal and notarial professionals. Guided by an international Council of Europe expert, participants examined relevant Financial Action Task Force (FATS), MONEYVAL recommendations from Armenia’s recent evaluation, and the specific vulnerabilities identified in these sectors.
Across a series of thematic sessions, participants received practical guidance on: applying a risk-based approach, identifying sector-specific threats, and implementing practical preventive and supervisory measures that meet international obligations and Armenia’s national legal framework.
The workshop created a direct dialogue between supervisors and practitioners, helping to build a more coherent national action and a stronger culture of compliance within non-financial professions. Discussions confirmed the commitment of Armenian institutions to reinforcing the country’s anti-money laundering and combating the financing of terrorist (AML/CFT) system and improving cooperation between public and private actors.
By supporting these improvements, the project continues to add value through targeted technical expertise, capacity-building, and guidance that help Armenia further strengthen its tools to prevent and tackle economic crime.
This event is part of the European Union and the Council of Europe joint programme “Partnership for Good Governance”, co-funded by the European Union and the Council of Europe, and implemented by the Council of Europe, in the framework of the Project on “Enhancing national capacities for effective prevention and fight against economic crime in Armenia”.
