• Available charge options: OUR/SHA/BEN
• Additional information:
Relevant to funds receipt in Armenia:
According to the law on combating money laundering and terrorism financing of Armenia “Reporting entities should identify their customers and verify their identity, based on reliable documents or other information received from competent sources, when:
I. Business relationships are being established;
II. Occasional transaction is being carried out, including a domestic or cross-border wire transfer at a value above 400-fold of the minimal salary in drams or in foreign currency, unless stricter provisions are stipulated by other legal acts;
III. Suspicions arise with regard to the veracity or adequacy of previously obtained customer”
• For more information on law on combating money laundering and terrorism financing: https://www.cba.am/Storage/EN/FDK/Regulation_old/law_on_combating_money_laundering_and_terrorism_financing_eng.pdf
• Central bank of Armenia: https://www.cba.am/en/sitepages/default.aspx