Yerevan, May 2 /Mediamax/. The Financial Monitoring Center (FMC), a U.S. - supported financial intelligence unit within the Central Bank of Armenia, received 23 suspicious transaction reports in 2006.

Mediamax reports that this is said in the annual Country Reports on Terrorism released by the U.S. State Department.

“After analyzing the reports, the FMC developed five suspicious transaction cases; three of the cases were subsequently referred to the Prosecutor General’s office for further investigation”, the report reads.

It is noted in the document that “the heavy flow of remittances, however, may hinder efforts to detect fund transfers in support of terrorism”.