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Non-profit organizations in Armenia discuss protection measures from abuse for terrorism financing purposes

The risks and vulnerabilities associated with terrorism financing through non-profit organizations (NPOs) present significant challenges, as these entities can be exploited to divert funds for illicit purposes. To address this aspect, the Council of Europe, in cooperation with the Financial Monitoring Centre under the Central Bank of Armenia, engaged in discussions with the representatives of NPOs, aiming to deepen their understanding of terrorist financing and money laundering risks, and draw attention on their potential misuse to finance or support terrorist activities.

The event aimed at enhancing practical knowledge of NPOs regarding the nature of threats posed by terrorist entities to NPOs, existing vulnerabilities for this sector and provide recommendations for internal risk-assessment procedures by NPOs and subsequent mitigation measures.

Significant emphasis was also placed on effective measures and approaches to prevent the misuse of NPOs at national level through developing and applying an effective control framework as well as through deepening cooperation and dialog between NPOs at risk and AML/CFT supervisory and regulatory bodies.

This event is part of the European Union and the Council of Europe joint programme “Partnership for Good Governance”, co-funded by the European Union and the Council of Europe, and implemented by the Council of Europe, in the framework of the Project on “Enhancing national capacities for effective prevention and fight against economic crime in Armenia”.

YEREVAN, ARMENIA 24 JULY 2024
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The Council of Europe is the continent’s leading human rights organisation, with 46 member states, including Armenia. All our member states are party to the European Convention on Human Rights, which is the cornerstone of human rights protection in Europe.

The Council of Europe Office in Yerevan, represents the Secretary General in Armenia. It closely co-operates with national authorities supporting the implementation of statutory obligations to the Council of Europe by Armenia through co-operation projects.


 

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The Council of Europe works for you. We want to give visibility to the role, standards and work of the Council of Europe in its member states, to show how Council of Europe membership has helped achieve particular results or changes. Our aim, through a variety of events and actions, is to highlight ways in which the Council of Europe’s action has helped improve the life of individuals and contributed to improving people’s enjoyment of fundamental rights.

 

Whether it is the impact of the European Convention on Human Rights at national level, or the Council of Europe's work in many fields, such as working to abolish the death penalty or to ensure freedom of expression and freedom of the media, or to adress online and technology-facilitated violence against women through the Istanbul Convention and Budapest Convention on Cybercrime, the Council of Europe has achieved a lot since 1949. View achievements »