Our team was engaged to enhance the legal and regulatory system for Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) in Armenia. The project aimed to bring Armenia's framework in line with best international practices and to strengthen its overall effectiveness in preventing financial crimes.

Key activities carried out by the team included a thorough review of international best practices in AML/CTF, alongside a comparative analysis of Armenia's existing legal, regulatory, and institutional framework. Based on this analysis, we developed a comprehensive package of recommendations and an action plan to improve the Armenian AML/CTF framework. Additionally, our team designed specialized tools to facilitate checks and analyses during the registration and operations of casinos, lotteries, and other gambling activities. We also conducted targeted training sessions for officials responsible for using these tools and organized study tours to advanced countries, enabling knowledge exchange and experience sharing on AML/CTF best practices. These efforts collectively aimed to strengthen Armenia's capacity to combat money laundering and terrorist financing more effectively.