YEREVAN, January 22. /ARKA/. Armenia's National Assembly has approved today in the second and final reading a set of amendments to the laws on criminal procedure and on bank secrecy. Before coming into force they need to be signed into law by the president of the country.

Under the current law, Armenian banks are required to provide tax and law-enforcement authorities with information about financial accounts of only those clients who are accused or suspected of certain crimes. Besides, investigators need permission from prosecutors and courts before demanding access to such data. According to the Minister of Justice Rustam Badasyan, the law in its current form prevent criminal investigations into bribery and other corrupt practices.

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VTB Bank (Armenia) released a statement on Tuesday denying media reports that the Azerbaijani authorities enjoy access to the bank clients’ personal data

Categories: Banks @en, General news, News, News of the hour | Comments Off on Azerbaijani authorities have no access to VTB Bank (Armenia) clients’ personal data

Tags: access, Azerbaijan, CLIENTS, personal data, VTB Bank (Armenia)

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