Detailed description of project
The objective of the project was to develop legal, regulatory and institutional framework for AML/CTF (Anti Money Laundering and Combating Terrorism Financing) and align it with international standards for gambling industry of Armenia. This sector is perceived of being of a high risk for ML/FT and there are big challenges in ensuring the appropriate control and mitigation of all identified risks of this sector Due to refining of the legislative framework and tools, it is planned to make the risks in the field of gaming more visible and manageable. The tasks performed during the project were;
Asa result of project the employees, responsible for ML/TF in the fieldof gaming in MF of RoA, refined their authorities and functionsduring licensing and supervision of the operations in the riskyareas.
Systemspecifications for development of an electronic reporting and riskmanagement system for the gambling industry were developed by theproject team.
Development of software specifications for programming teams related to electronic reporting forms,
Business process analysis,
Legal review and preparation of normative acts,
Organization of Study Tours to Monaco, US and Malta
- Team leader (1 m/m)
- Legal expert (8 m/m)
- Training expert (3 m/m)