Regulatory Alerts2025-01-27 | 7920Revocation of Central Bank of Armenia Board Resolution No. 20-N Dated January 27, 2009
The Board of the Central Bank of the Republic of Armenia issued Resolution No. 3-N to formally revoke its 2009 Resolution No. 20-N, which previously mandated the beneficial ownership declaration form and submission procedures for legal entities. This action implements statutory amendments to Armenia’s anti-money laundering law that took effect in January 2023, specifically removing the Central Bank’s authority to issue this normative act. The revocation becomes effective the day following official publication, thereby nullifying the outdated reporting framework and aligning regulatory practice with current legislative mandates.
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