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LAW OF THE REPUBLIC OF ARMENIA

of July 22, 2014 No. ZR-124

About modification and amendments in the Law of the Republic of Armenia "About notariate"

Accepted by National Assembly of the Republic of Armenia on June 21, 2014

Article 1. Item 9 of article 5 of the Law of the Republic of Armenia "About notariate" of December 4, 2001 to state ZR-274 (further - the Law) in the following edition:

"9. "Information provided by the Law of the Republic of Armenia "About anti-money laundering and terrorism financing" and being notarial secret is provided in case of representation to the authority established by this law, the report concerning the transaction which is subject to the obligatory notification in case of suspicion about money laundering or financing of terrorism or based on request of authorized body in the cases and procedure established by this law.".

Article 2. To add Item 1 of article 19 of the Law after words of "making of notarial or other actions" with words ", and also execution of requirements of the Law of the Republic of Armenia "About anti-money laundering and terrorism financing" and the legal acts adopted on its basis".

Article 3. Add the law with Article 27.1 of the following content:

Article 27.1. Responsibility of the notary for non-execution or improper execution of requirements of the Law of the Republic of Armenia "About anti-money laundering and terrorism financing" and the legal acts adopted on its basis

1. In case non-execution or improper execution of requirements of the Law of the Republic of Armenia "About anti-money laundering and terrorism financing" and the legal acts adopted on its basis, the notary is subject to responsibility according to the procedure, provided by part 5 of article 30 of this law.".

Article 4. This Law becomes effective for the ninetieth day following behind day of official publication.

President of the Republic of Armenia

S. A. Sargsyan

 

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