Armenian Business Sectors Strengthen Financial Crime Defenses

Targeted Training and Mentorship improve AML/CTF Compliance

In June 2025, Armenia took a major step toward strengthening financial integrity and reducing the risks of illicit and corrosive financial flows across its private sector.
Through sector-specific training and tailored mentorship, five key industry associations—supported by the Center for International Private Enterprise (CIPE)—delivered intensive programs to improve Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) compliance.

These efforts were part of the project “Responding to the Threat of Corrosive Capital in Armenia: Enhancing Coordination between the Public and Private Sectors,” funded by UK International Development from the UK government. By focusing on practical, sector-driven solutions, the initiative helped build long-term resilience and foster stronger coordination between public and private actors.

Collective Impact

  • Over 190 private sector professionals trained
  • More than 90 companies represented across the sessions
  • 10+ follow-up mentorship sessions delivered to support policy development, risk assessment, and due diligence procedures

 

Program Highlights by Sector

These June 2025 initiatives underscore Armenia’s growing commitment to safeguarding its economy from the threats posed by illicit finance and corrosive capital. Through CIPE’s support—and in alignment with international standards—these targeted efforts are helping build a more transparent, accountable, and secure investment environment.

The activities were made possible as part of the broader CIPE project “Responding to the Threat of Corrosive Capital in Armenia: Enhancing Coordination between the Public and Private Sectors,” funded by UK International Development from the UK government.