YEREVAN. – All banks and other financial institutions that operate under the supervision and regulation of the Central Bank of Armenia (CBA) are properly implementing appropriate preventive measures against money laundering risks.

The Financial Action Task Force (FATF), which sets international standards on combating money laundering, applies some criteria on the assessment of the effectiveness of the implementation of these standards, the CBA informed Armenian News-NEWS.am.

And in accordance with the FATF’s respective methodology criterion, Armenia has been assessed as a country with a considerable level of effectiveness, and has been included in the top five of about seventy countries that have been assessed with the same methodology.