COMBATING MONEY LAUNDERING AND TERRORISM FINANCING
FINANCIAL MONITORING CENTER
About FMC
The Financial Monitoring Center
(FMC) was established in 2005 as a separate unit in the structure of the Central
Bank of Armenia. The FMC is an administrative-type financial intelligence unit,
which acts as an intermediary between reporting entities and law enforcement
authorities. The mission of the FMC is to combat money laundering and terrorism
financing (AML/CFT).
The main function of the FMC is
to collect, analyze and exchange information for AML/CFT purposes. In addition,
the FMC represents the Republic of Armenia in several international
organizations and structures, while actively participating in international
AML/CFT initiatives.
The directions and targets of the
AML/CFT regime are defined under the National Strategy for Combating Money
Laundering and Terrorism Financing.
The authorities of the FMC are
defined under the Republic of Armenia Law on Combating Money Laundering and
Terrorism Financing, while the organizational structure and functions of the FMC
are defined under the FMC Statute.