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On November 15, by the presentation of the RA CB Deputy Governor Nerses Yeritsyan the parliament debated the draft law on Ratifying the Agreement on Exchange of Information on Movements of Cash and Monetary Instruments across the Customs Border of the Eurasian Economic Union to Combat the Legalization of the Revenues (Money-Laundering) Received in Criminal Way and Financing of Terrorism.

The Agreement was worked out for providing Article 6 of the Agreement of December 19, 2011 on

on Movements of Cash and Monetary Instruments across the Customs Border of the Eurasian Economic Union to Combat the Legalization of the Revenues (Money-Laundering) Received in Criminal Way and Financing of Terrorism.

The aim of the Agreement is to raise the efficiency of the joint efforts, setting the order of the exchange of information included in the customs declaration between the EAEU member countries, as well as the conditions of the use and maintaining of such information.

The Agreement sets the order of making inquiry and provide information of the countries being party of the Agreement on receiving the mentioning information in the relevant declarations by the physical entity on movements of cash and monetary instruments, as well as the bases of rejecting to provide the inquiring information.

The NA Standing Committee on Regional and Eurasian Integration endorsed the draft law.