Regulatory Alerts2025-01-27 | 7921Revoking the Central Bank of the Republic of Armenia Board Resolution No. 264-N, dated October 7, 2014
The Board of the Central Bank of the Republic of Armenia issued Resolution No. 4-N on January 14, 2025, to revoke its previous Resolution No. 264-N dated October 7, 2014. This revocation aligns with the Law No. HO-187-N, which entered into force on April 15, 2020, and explicitly excludes parties engaged in foreign exchange dealer-brokerage trades from the definition of reporting entities. Consequently, the requirement for these parties to submit statement form No. 103 regarding reportable and suspicious transactions is eliminated, and the resolution takes effect the day following its official publication on January 27, 2025.
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