On September 14, 2023, a workshop took place at the Central Bank of Armenia with the participation of representatives of RA commercial banks and money and value transfer service providers on the certain constituents of the money laundering and terrorism financing prevention function. During the workshop, a number of important topics were presented, including strategic risk analysis, cross-border transactions and non-resident customers, cash operations, effective interaction of the three lines of defense, responsibilities related to wire transfers, politically exposed persons, obligation to report suspected proceeds of crime and funds in support of terrorism, implementation of targeted financial sanctions under United Nations Security Council resolutions, as well as virtual assets.
The purpose of the workshop was to deepen the knowledge of the participants, to provide an opportunity to discuss present-day topics and to exchange experience.