YEREVAN, October 16. /ARKA/. The Armenian parliamentary committee on finance and budget issues has approved today a set of amendments to the law On Combating Money Laundering and Financing of Terrorism before the second and final reading.

The amendments suggest that the data on all real estate donations will be sent to the Central Bank for monitoring the risks associated with money laundering and legalization of illegally acquired property.

Deputy Minister of Justice Ara Mkrtchyan stated in early September during the first reading of the bill that it was prompted by a dramatic rise in the number of real estate donations.

In particular, they rose from 4,017 in Yerevan and 8,674 in the regions of Armenia in 2020 to 7,334 and 15,765 respectively in 2022. -0-