Back Tracking the Illicit Assets: a high-level conference against economic crime takes place in Armenia

Tracking the Illicit Assets:  a high-level conference against economic crime takes place in Armenia

Within the framework of the Armenian Platform of the European Prosecutors’ Dialogue, and on the occasion of Prosecutor’s Office Employee Day and the 108th anniversary of the founding of the Prosecutor’s Office, an international high-level two-day conference titled “Following the Trail of Illegally Acquired Property: Criminal Prosecution, Asset Recovery and Management of Confiscated Property, and Strengthening the Victim-Centred Approach in Criminal Justice” was held on July 1-2, 2026, in Yerevan.

Building on the success of high-level prosecutorial conferences organised from 2023–2025, the establishment of the Armenian Platform of the European Prosecutors’ Dialogue marked a step forward towards a more resilient, corruption-resistant system.

Bringing together prosecutors, high-ranking justice officials, and international experts from more than ten countries’ the event was attended by Prime Minister Nikol Pashinyan, Speaker of the National Assembly Armenia Alen Simonyan, Prosecutor General Anna Vardapetyan, and senior representatives of the executive and judicial branches.

Demonstrating the strong regional and European interest in the dialogue, the event was attended by Lithuania’s Prosecutor General Nida Grunskienė, Estonia’s Astrid Asi, and Latvia’s Armīns Meisters. Delegations from Austria, Switzerland, Romania, Italy, and Poland were also present.

Welcoming the participants, Prosecutor General Anna Vardapetyan stated that Armenia had achieved significant results through establishing the platform for prosecutors while also increasing co-operation and exchanges among the Council of Europe member states.

Ambassador Vassilis Maragos, Head of the EU Delegation to Armenia, stated that the EU highly values its partnership with Armenia on justice reforms and the rule of law, noting Armenia’s recent efforts to modernise its legal and institutional framework, improve law enforcement and prosecution efficiency, and align with European standards.

Hanne Juncher, Director of Security, Integrity and Rule of Law at the Council of Europe, praised Armenia’s significant reforms to strengthen anti‑corruption and anti‑money‑laundering systems – recognised in GRECO and MONEYVAL evaluations, including MONEYVAL’s recent 6th round. She recommended further institutional strengthening and highlighted the importance of sustained political support for continued advancement.

During the two-day conference, participants discussed issues related to the investigation and prosecution of financial crimes, detection, freezing, management, and confiscation of illicit assets, as well as victim-centred justice. Special attention has been dedicated to the complex financial crimes, including fraud involving artificial intelligence, criminal schemes using crypto-assets, and effective mechanisms for detecting and investigating money laundering and corruption-related offenses. Discussions also covered effective models for managing illicit assets, the jurisprudence of the European Court of Human Rights regarding illegally acquired property, and international best practices in protecting the rights and interests of victims of crime.

Last but not least, a dedicated side event on the Additional Protocol to the Warsaw Convention was held within the framework of the “Armenian Platform for European Prosecutors’ Dialogue.” The session focused on the Protocol’s relevance for prosecutorial practice, with particular attention to its legal and operational dimensions. It also served to support alignment with broader European standards and to strengthen Armenia’s engagement in international judicial cooperation mechanisms.

Upon closing the conference, there was clear consensus among participants on the added value of such dialogue in terms of reinforcing professional ties and partnerships, and building the capacities of member states in combating financial crime and recovering illicit assets with a victim-centred approach.

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 1-2 JULY 2026
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What is the goal and objective of the project?

This project aims to support further improvements of the legislative and institutional framework against corruption, money laundering and economic crime in Armenia, but also focus on ensuring the effectiveness of its implementation. It seeks to strengthen the capacities of the country's anticorruption and anti-money laundering bodies, support the introduction and application of new mechanisms to combat corruption, and raise awareness on anticorruption and integrity.
This project is implemented within the third Phase of the joint programme of the European Union and the Council of Europe “Partnership for Good Governance” running from 2023 until 2026. It builds on the results of the previous phases of the Partnership for Good Governance in the field of countering economic crime (Phase I 2015-2018 and Phase II 2019-2023).

What is the project duration?

The project runs from 1 March 2023 to 28 February 2026.

What is the budget of the project?

► The total project budget is EUR 630,000.
► The overall Programme budget is EUR 19.3 M (80% is co-funded by the European Union and 20% by the Council of Europe).

Who benefits from the project?

► Ministry of Justice and Ministry of Internal Affairs;
► Anti-Corruption Committee;
► Corruption Prevention Commission;
► Civil Service Council;
► Central Bank of Armenia;
► Financial Monitoring Center (FIU of Armenia);
► National Security Service;
► Civil Service Office;
► Office of the General Prosecutor (the Department for Combatting Economic Crimes);
► Investigative Committee of Armenia;
► Judiciary;
► Civil society and the general public.

How does the project work?

Through a combination of tailored policy/legislative and capacity-building actions.

What do we expect to achieve?

► Strengthened legislative, strategic and institutional frameworks and capacities for the effective prevention of corruption;
► Increased effectiveness of detection, investigation, prosecution and adjudication of corruption-related offences;
► Advanced legislative and institutional frameworks and increased technical capacities in anti-money
laundering, countering terrorism financing and related asset recovery.

How to get more information?

► The Project is implemented by the Council of Europe Action against Economic Crime Department through its Economic Crime and Co-operation Division (Directorate General of Human Rights and Rule of Law)
► Partnership for Good Governance
Website: http://partnership-governance-eu.coe.int/
email: [email protected]
► Council of Europe Office in Yerevan Website: https://www.coe.int/yerevan
email: [email protected]


 

What is the Partnership for Good Governance?

The “Partnership for Good Governance” (PGG) is a joint initiative of the European Union and the Council of Europe for strengthening good governance in the Eastern Partnership region*. The "Partnership for Good Governance" provides tailor-made support to Eastern Partnership countries to bring their legislation and practice closer to European standards in the fields of human rights, rule of law and democracy. It supports, in particular, Eastern Partnership countries’ domestic reforms to strengthen justice, counter economic crime, promote equality and non-discrimination, advance women’s access to justice and combat violence against women.

* While the Partnership for Good Governance does not include activities with the participation of the Belarusian authorities, activities may be organised with the representatives of Belarusian civil society and democratic forces as appropriate in line with the European Council Conclusions of February 2022 and the Decision of the Council of Europe Ministers’ Deputies of March 2022.