1.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 1
Anti-money laundering and counter-
terrorist financing (AML/CTF)
measures in Armenia
Mutual Evaluation
Ratings
December 2015
www.fatf-gafi.org/publications/mutualevaluations/documents/mer-armenia-2015.html

2.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – Effectiveness (1/3)
2
Extent to which
Armenia has achieved
this objective
1 ML and TF risks are understood and, where appropriate,
actions co-ordinated domestically to combat ML and TF
Moderate
2 International co-operation delivers appropriate
information, financial intelligence, and evidence, and
facilitates action against criminals and their assets
Substantial
3 Supervisors appropriately supervise, monitor and regulate
financial institutions and designated non-financial
businesses and professions (DNFBPs) for compliance with
AML/CFT requirements commensurate with their risks.
Moderate
4 Financial institutions and DNFBPs adequately apply
AML/CFT preventive measures commensurate with their
risks, and report suspicious transactions.
Substantial
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)

3.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – Effectiveness (2/3)
3
Extent to which
Armenia has achieved
this objective
5 Legal persons and arrangements are prevented from misuse
for money laundering or terrorist financing, and
information on their beneficial ownership is available to
competent authorities without impediments.
Substantial
6 Financial intelligence and all other relevant information are
appropriately used by competent authorities for money
laundering and terrorist financing investigations.
Moderate
7 Money laundering offences and activities are investigated
and offenders are prosecuted and subject to effective,
proportionate and dissuasive sanctions.
Low
8 Proceeds and instrumentalities of crime are confiscated. Low
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)

4.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – Effectiveness (3/3)
4
Extent to which
Armenia has achieved
this objective
9 Terrorist financing offences and activities are investigated
and persons who finance terrorism are prosecuted and
subject to effective, proportionate and dissuasive
sanctions.
Substantial
10 Terrorists, terrorist organisations and terrorist financiers
are prevented from raising, moving and using funds, and
from abusing the non-profit sector.
Substantial
11 Persons and entities involved in the proliferation of
weapons of mass destruction are prevented from raising,
moving and using funds, consistent with the relevant
United Nations Security Council Resolutions.
Substantial
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)

5.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – Effectiveness
5
0
6
3
2
High
Substantial
Moderate
Low

6.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – technical compliance (1/5)
1-Feb-16
6
AML/CFT POLICIES AND COORDINATION
1. Assessing risks & applying a risk-based approach papapapa partially compliant
2. National cooperation and coordination lalalala largely compliant
MONEY LAUNDERING AND CONFISCATION
3. Money laundering offence lalalala largely compliant
4. Confiscation and provisional measures lalalala largely compliant
TERRORIST FINANCING AND FINANCING OF PROLIFERATION
5. Terrorist financing offence lalalala largely compliant
6. Targeted financial sanctions related to terrorism & terrorist financing lalalala largely compliant
7. Targeted financial sanctions related to proliferation papapapa partially compliant
8. Non-profit organisations lalalala largely compliant

7.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – technical compliance (2/5)
1-Feb-16
7
PREVENTIVE MEASURES
9. Financial institution secrecy laws cocococo compliant
Customer due diligence and record keeping
10. Customer due diligence lalalala largely compliant
11. Record keeping cocococo compliant
Additional measures for specific customers and activities
12. Politically exposed persons papapapa partially compliant
13. Correspondent banking cocococo compliant
14. Money or value transfer services cocococo compliant
15. New technologies cocococo compliant
16. Wire transfers cocococo compliant

8.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – technical compliance (3/5)
1-Feb-16
8
PREVENTIVE MEASURES (continued)
Reliance, Controls and Financial Groups
17. Reliance on third parties cocococo compliant
18. Internal controls and foreign branches and subsidiaries cocococo compliant
19. Higher-risk countries cocococo compliant
Reporting of suspicious transactions
20. Reporting of suspicious transactions cocococo compliant
21. Tipping-off and confidentiality cocococo compliant
Designated non-financial Businesses and Professions (DNFBPs)
22. DNFBPs: Customer due diligence lalalala largely compliant
23. DNFBPs: Other measures cocococo compliant

9.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – technical compliance (4/5)
1-Feb-16
9
TRANSPARENCY AND BENEFICIAL OWNERSHIP OF LEGAL PERSONS AND ARRANGEMENTS
24. Transparency and beneficial ownership of legal persons lalalala largely compliant
25. Transparency and beneficial ownership of legal arrangements lalalala largely compliant
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES AND
OTHER INSTITUTIONAL MEASURES
Regulation and Supervision
26. Regulation and supervision of financial institutions lalalala largely compliant
27. Powers of supervisors cocococo compliant
28. Regulation and supervision of DNFBPs papapapa partially compliant
Operational and Law Enforcement
29. Financial intelligence units cocococo compliant
30. Responsibilities of law enforcement and investigative authorities lalalala largely compliant
31. Powers of law enforcement and investigative authorities papapapa partially compliant
32. Cash couriers cocococo compliant

10.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – technical compliance (5/5)
1-Feb-16
10
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES AND
OTHER INSTITUTIONAL MEASURES (continued)
General Requirements
33. Statistics cocococo compliant
34. Guidance and feedback cocococo compliant
Sanctions
35. Sanctions lalalala largely compliant
INTERNATIONAL COOPERATION
36. International instruments lalalala largely compliant
37. Mutual legal assistance lalalala largely compliant
38. Mutual legal assistance: freezing and confiscation lalalala largely compliant
39. Extradition lalalala largely compliant
40. Other forms of international cooperation cocococo compliant

11.
Anti-money laundering and counter-terrorist financing measures in Armenia – Mutual Evaluation Report – December 2015
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – technical compliance
11
18
17
5
0
Compliant
Largely compliant
Partially compliant
Non compliant