LAW OF THE REPUBLIC OF ARMENIA

of June 21, 2008 No. ZR-80

About anti-money laundering and terrorism financing

Accepted by National Assembly of the Republic of Armenia on May 26, 2008

1. The purpose of this Law is protection of public safety, economic and financial systems of the Republic of Armenia against risks of money laundering and financing of terrorism by establishment of legal mechanisms of counteraction to money laundering and financing of terrorism.

Chapter 1. General provisions

Article 1. Subject of regulation of the Law

1. This Law governs the relations connected with anti-money laundering and financing of terrorism, determines circle of the competent authorities, organizations and persons included in the sphere of anti-money laundering and terrorism financing, procedure and conditions of cooperation of these bodies, and also questions of control and application of measures of responsibility in the field of anti-money laundering and terrorism financing. the astoyashchy Law governs also the relations concerning freezing of property of citizens in connection with distribution of weapons of mass destruction. This Law governs also the relations concerning freezing of property of citizens in connection with distribution of weapons of mass destruction.

Article 2. Legal regulation of anti-money laundering and terrorism financing

1. Anti-money laundering and financing of terrorism is regulated by international treaties of the Republic of Armenia, the Constitution of the Republic of Armenia, this Law, other laws of the Republic of Armenia, and in the cases provided by this Law also other legal acts.

Article 3. The basic concepts used in this Law

1. In sense of this Law:

1) property - the property established by part 10 of article 121 of the Criminal code of the Republic of Armenia;

2) money laundering – act, stipulated in Article 296 Criminal codes of the Republic of Armenia;

2. 1) prior crime is crime as a result of which making directly or indirectly was the property is hit or was formed;

3) terrorism financing - act, stipulated in Article 310 Criminal codes of the Republic of Armenia;

3. 1) financing distribution of weapons of mass destruction is provision or collection of property or provision of financial services for the purpose of act making, stipulated in Article 153 Criminal codes of the Republic of Armenia;

4) persons providing the report are:

a) banks (including branches of foreign banks);

b) credit institutions;

c) persons performing activities for purchase and sale of currency;

d) persons making remittances;

e) persons providing investment services according to the Law of the Republic of Armenia "About the security market";

e) the central depositary provided by the Law of the Republic of Armenia "About the security market";

g) insurance (including reinsurance) the companies and persons performing intermediary insurance (including reinsurance) activities;

h) managing directors of investment funds and persons exercising control of non-public funds including regarding the relations connected with management of investment funds and also the non-public investment funds which do not have person exercising control of investment funds;

i) pawnshops;

and 1) according to the Law of the Republic of Armenia "About cryptoassets" persons rendering services with cryptoassets, except for persons rendering services in operation of the platform for trade in cryptoassets;

j) persons performing realtor activities

k) notaries,

l) lawyers, and also the individual entrepreneurs and legal entities rendering legal services

m) the accountants-individual entrepreneurs and legal entities performing accounting activities

o) auditing organizations,

o) dealers of precious metals,

p) dealers of gemstones,

c) ceased to be valid according to the Law of the Republic of Armenia of 28.07.2025 No. ZR-261;

r) ceased to be valid according to the Law of the Republic of Armenia of 28.07.2025 No. ZR-261;

s) organizers of gaming houses, games with prize, including Internet games with prize, lotteries,

t) persons providing services in registration or management of legal entities

x) credit bureaus to which this law is applied only regarding obligation to provide the report on the suspicious transaction or business relations and prohibition on the publication of the fact of provision or failure to provide the report, or other information, obligations to store the records determined regarding 1 Article 9, and the responsibility determined in Items 2, of 4, 5 and 6 parts 4 Articles 30, as it is determined in articles 6-8 of this law,

v) the authorized body performing maintaining the single State Immovable Property Cadastre to whom this law extends only regarding the obligation of provision of the reporting and prohibition on publication of the fact of provision or failure to provide the reporting, or other information, obligation on accounting determined in Article 9, of part 1, and responsibility, determined in Article 30, of part 9,

w) the state body performing registration of legal entities (the state register) to which this Law extends only regarding obligation on submission of the reporting and prohibition on publication of the fact of provision or non-presentation of the reporting or other information specified in articles 6-8 of this Law, in the cases specified in Article part four 6, and also regarding the obligation on accounting specified in Article part one 9, and the responsibility specified in Article 30 part nine;

5) financial institutions – the persons providing the report identified by subitems "an" – "i1" item 4 of this part;

6) the non-financial organizations or persons - the reporting subjects determined in subitems of "k"-"i" of item 4 of this part. At the same time articles 4 and 23 of this Law are applied to the non-financial organizations or persons which are physical persons only in case of availability at them more than 10 workers, and article 25 of this Law is applied to the non-financial organizations or persons only in case of availability at them more than 10 workers;

7) authorized body – Central bank of the Republic of Armenia;

8) the monitoring body is body, authorized to exercise supervision in the field of anti-money laundering and financing of terrorism on the basis of the industry legislation regulating these activities concerning person providing the report;

9) the transaction – the transaction between person providing the report and the client or the authorized person, and also the client or the authorized person and other person which is made through person providing the report or is learning object (consideration) of person providing the report. Also any action which attracts origin, change or the termination of the rights and obligations based on certain transaction or its result can be considered as the transaction;

9. 1) monetary compensation is transaction which is made by means of financial institution on behalf of person making transfer to make certain amount in this or another financial organization available to the receiver of transfer irrespective of whether person making transfer and the receiver of transfer by one person is;

9. 2) transfer of cryptoasset is transaction which is performed through financial institution on behalf of person making transfer for the purpose of provision of access to certain cryptoasset or money in this or other financial institution for the receiver of transfer irrespective of whether person making transfer and the receiver of transfer by the same person is;

10) the one-time transaction – the transaction as a result of which obligations on rendering periodic services do not arise which does not assume establishment of business relations;

11) the interconnected one-time transactions – the same transactions of one-time nature with participation of the same party which are made within 24 hours;

12) business relations – the periodic services rendered by person providing the report to the client which are not limited to one or several one-time transactions. Business relations do not include activities of person providing the report within which person providing the report performs for own needs other activities other than the activities established by the law for persons providing the report of this type;

13) the client – the person establishing business relations or being in such relations with person providing the report, and also face which suggests person providing the report to make or makes with it the one-time transaction;

14) beneficial owner is the physical person which actually (de facto) belongs the client - the legal entity or which actually (de facto) controls the client or on behalf of whom the transaction is made. The founder, the managing director, the beneficiary (including class of beneficiaries), protector (in the presence) and other physical persons exercising control actual (de facto), and in case of other similar legal educations - the physical persons performing equivalent or similar functions are considered as the beneficial owner of trust or other similar legal education. Is considered the beneficial owner of the legal entity the physical person which:

and. directly or indirectly owns 20 and more percent of shares (shares, shares) of this legal entity granting voting power or directly or indirectly has 20 and more percent of participation in the authorized capital of the legal entity,

. exercises real (actual) control over this legal entity by other methods,

is the official performing common or current directorship of activities of this legal entity century if there is no physical person conforming to requirements of subitems "an" and "b" of this Item;

15) the authorized person – person having powers on transaction or implementation in business relations of certain legal or actual acts on behalf of the client and at the request of the client including person performing representation by proxy based on the powers conferred to it by the client or on other basis established by the law;

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