Yerevan, June 7 /Mediamax/. The Financial Monitoring Center of the Central Bank (CB) of Armenia became a full member of Egmont Group, which unites the financial intelligence services of over 100 countries of the world for the joint struggle against laundering of illegal incomes.

As Mediamax was told in the CB press service, the entry to Egmont Group means that the status of the Financial Monitoring Center of the Armenian CB as a body of financial intelligence, which has autonomy of operations, gained international recognition.

Mediamax recalls that the U.S. State Department’s annual Country Report on Terrorism, which was published early May of 2007, read that the financial intelligence unit within the Central Bank of Armenia, received 23 suspicious transaction reports in 2006.

“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 read.

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