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LAW OF THE REPUBLIC OF ARMENIA

of May 11, 2020 No. ZR-240

About confiscation of property of illegal origin

(as amended of the Law of the Republic of Armenia of 24.03.2021 No. ZR-91)

Accepted by National Assembly of the Republic of Armenia on April 16, 2020

Chapter 1. General provisions

Article 1. Coverage of this Law

1. This Law governs the relations connected with production on confiscation of property of illegal origin, establishes the bases for studying, circle of bodies, competent to initiate productions on confiscation of property of illegal origin and to perform studying, rules of international cooperation in connection with confiscation of property of illegal origin, and also governs the other relations connected with confiscation of property of illegal origin.

Article 2. The legislation regulating confiscation of property of illegal origin

1. The relations connected with confiscation of property of illegal origin in the Republic of Armenia are regulated by this Law, the Code of civil procedure of the Republic of Armenia, the Civil code of the Republic of Armenia and other laws.

2. If this Law establishes other rules, than the Code of civil procedure of the Republic of Armenia, the Civil code of the Republic of Armenia or other laws, then the rules established by this Law are effective.

Article 3. The basic concepts used in the Law

1. In this Law the following basic concepts are used:

1) property - the property provided by part 1 of Article 132 of the Civil code of the Republic of Armenia including cryptocurrency;

2) property of illegal origin - property, including one unit of property, several units of property or share of one unit of property which acquisition is not proved by the legal income according to the procedure, provided by this Law irrespective of whether it was acquired to or after entry into force of this Law, and also received from use of such property (fruits, products, the income);

3) the legal income - income gained in dramas of the Republic of Armenia, foreign currency, cryptocurrency or in natural (non-cash) expression with observance of regulations of the applicable law determined according to Article 1277 of the Civil code of the Republic of Armenia without taxes and mandatory fees including:

and. remuneration of work or other payments equated to it;

. compensation (royalty) and award received for right to use or uses of literary work, work in the field of art or scientific work from any copyright, any patent, the trademark, the project or model, the plan, confidential formula or process, for right to use of programs for electronic computers and databases or the industrial, commercial, scientific equipment or use of them or for provision of data on industrial, technical, organizational, commercial, scientific practice;

century the obtained loans (credits);

the percent received from the granted loans and other compensation;

dividends;

e. income (prizes) gained in gaming houses or in games with prize;

. ware or winnings (prizes) received in tenders or competitions and also in lotteries;

h. the property (also money) received according to the procedure of donation or the help;

and. the property (also money) received according to the procedure of inheritance;

to. insurance indemnities;

l. the income from business activity;

m the income from property acquisition;

N payment or other compensation for lease,

lake lump sum payments;

the item the income from property rights;

river the income from other civil agreements;

page pension;

t. the income from realization of agricultural products or from implementation of agricultural activities;

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