Central bank chief-no money laundering in Armenia

ARMENIA - "We can state that Armenia is not involved in money laundering," the chairman of the Armenian Central Bank, Tigran Sarkisyan, said at a round table discussion on Friday.

Mr Sarkisyan said that effective legislation to combat the illegal circulation of money and money laundering had been drafted in Armenia over recent years. At stake is money received from illegal trade in weapons, prostitution and the drugs business, which the owners then attempt to legalise, reported by Armenian new