Yerevan/Mediamax/. About AMD 500mln was confiscated in favor of Armenia’s state budget in 2010 as a result of the fight against money laundering.

Head of the Financial Monitoring Center (FMC) of the Armenian Central Bank (CB), Daniel Azatyan, said this in Yerevan today, Mediamax reports.

The plenary session of the Egmont Group of Financial Intelligence Units, with the participation of representatives of 102 countries, is held in Yerevan today.

Daniel Azatyan said that in 2010, the FMC exchanged over 50 reports with law-enforcement bodies. Nearly 10 legal cases were instituted last year, 2 sentences passed, about AMD 500mln was confiscated in favor of the state budget and almost the same amount was directed to the compensation of the damage.

“We received 80 requests from foreign financial intelligence bodies in 20101 and sent almost the same number of requests to  our foreign colleagues,” Daniel Azatyan said.

Chairman of the Egmont Group, Boudwin Verhelst,  said today that Armenia plays an active role in the activity of the Egmont Group helping countries which are not members of the group yet.

Daniel Azatyan also said that Armenia helps Turkmenistan, Tajikistan and Iran in joining the Egmont group.