Regulatory Alerts2025-12-30 | 9350Procedure for Electronic Messages on Lien and Seizure of Funds by the Central Bank of Armenia
The Central Bank of the Republic of Armenia issued this procedure to standardize the electronic communication between the Compulsory Enforcement Service and licensed financial organizations regarding the placement of liens and execution of seizures on debtor funds. The document defines specific message formats, establishes a strict hierarchy for seizing different types of accounts, and mandates that financial organizations notify the enforcement service of actions taken within one working day. It further regulates the calculation of seized amounts, the handling of foreign currency fluctuations, and the mechanisms for ensuring debtors retain access to funds not subject to enforcement.
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