MONEYVAL’s 6th Round Mutual Evaluation Report on Armenia highlights AML/CFT progress while identifying gaps in ML prosecutions, asset recovery, TF risk assessment and virtual asset oversight

he report identifies fraud, embezzlement, corruption, tax crimes, drug trafficking and cybercrime as key money laundering threats, while calling for improvements in money laundering prosecutions, asset recovery, the identification of terrorist financing risks and the analysis of virtual asset-related risks. Armenia has been placed in enhanced follow-up and must report on progress against key recommended actions within three years…