The Central Bank is the Authorized body for the fight against legalizing illegal income and financing of terrorism.

The Law on the Fight Against Legalizing the Illegal Income and Financing of Terrorism provides the Central Bank with the authority to freeze financial assets or economic resources.

Article 10 of the Law on the Fight Against Legalizing the Illegal Income and Financing of Terrorism envisages such authority for the Central Bank.

This issue is addressed in Regulation 5 of the Central Bank and Article 9 of the Law on the Fight Against Legalizing the Illegal Income and Financing of Terrorism.

The Central Bank, in its capacity as the Authorized Body on the Fight Against Legalizing the Illegal Income and Financing of Terrorism, has worked out and implemented a national program on training and technical support.

Chapter 2 of the Law on the Fight Against Legalizing the Illegal Income and Financing of Terrorism covers all kinds of transactions, cash and non cash, both cross border and domestic.

The persons (entities) submitting STRs, shall also suspend or terminate the transactions of those accounts that are suspected in legalizing illegal income and financing of terrorism upon the decree by the Central Bank.

The Legal Framework

Law reform

Twelve members of the Committee shall constitute a quorum.

A majority of the members of the Committee shall constitute a quorum.

Six members of the Committee shall constitute a quorum.

Six members of the Committee shall constitute a quorum for the adoption of formal decisions.

Income distribution

The Law of the Republic of Armenia on the Fight Against Legalizing the Illegal Income and Financing of Terrorism stipulates an obligation to report both suspicious transactions relating to the prevention of the financing of terrorism and money laundering activities and or transactions linked to other criminal activities.

Article 12 states that in the fight against legalizing illegal income and financing of terrorism the Authorized Body and other state authorities cooperate with the authorities of foreign countries in the order established by the law within the scope of international treaties.

Specifically, the Commission decided to seek a legal opinion from the Legal Counsel on the following question

Legal defense funds provide funding for the legal defense for, or legal action against, individuals or groups related to their specific interests or target demographic.

Total personal income is a key value in calculating per capita income.

Low and middle income families will benefit from a notable increase in disposable income.

C. Legal system

Priorities and legal framework

Legal framework

General legal framework and applicable evidentiary standard

Household disposable income is about 60 of national income in China, and the household savings rate is close to 30 of disposable income.

Nineteen were high income, 21 were middle income and 10 were low income countries.

The Law on the Fight Against Legalizing the Illegal Income and Financing of Terrorism, as well as RA Criminal Procedural Code (Articles 232 234) provide the possibility for arresting (freezing) effectively those financial funds, which belong to persons linked to terrorist activity, regardless of their origin.

Legal recognition of electronic communications

Rule 15

Functions and legal framework

Public and private meetings 25

I. In the legal sphere

In the legal sphere

Legal and institutional framework

Acting as a representative

Statement by the Legal Counsel.

Legal framework 5

Existing legal framework

Quorum 14 33.

Quorum 105 30.

Quorum 141 37.

Quorum 179 39.

Quorum 199 25.

Right to legal representation

(a) Legal and procedural framework