Dear visitor, the list of main laws and normative legal acts, which regulate the provision of settlement services by the organization, is published below.

Laws:

1. Civil Code of the Republic of Armenia,


2. RA law “On Payment and Settlement Systems and Payment and Settlement Organizations”


3. RA law “On Funds Transfer by Payment Order”


4. RA law “On the Central bank of the Republic of Armenia”


5. RA law “On Bank Secrecy”


6. RA law “On Combating Money Laundering and Terrorism Financing”


7. RA law “On Accounting”


8. RA law “On Cash Collection”


9. RA law “On Financial System Mediator”


10. RA Law "On Currency Regulation and Currency Control".

Sub-legislative normative legal acts approved by the Board of the Central Bank of RA:

1. Regulation “On Minimum Requirements to Reporting Entities in the Field of Preventing Money Laundering and Terrorism Financing​​​”


2. Rules “For Registration of Reporting Entities under the Republic of Armenia Law on Combatting Money Laundering and Terrorism Financing”


3. Guidance​ “On criteria of high risk and indicators of suspicious activity in realtion to money laundering and terrorism financing”


4. List “Of Off-Shore Territories”


5. Regulation 8/03 “On Information Publication by Banks, Credit Organizations, Insurance Companies, Insurance Brokers, Investment Companies, Central Depository and Payment and Settlement Organizations Implementing Money Remittances”  


6. Regulation 8/04 “On Minimum Conditions and Principles for Internal Rules, Regulating the Procedure of Examination of Complaints/Claims of Customers” 


7. Regulation 8/05 “Rules of Business Conduct of Financial Institutions”


8. Regulation 8/07 "Minimum Requirements and Principles for the Internal Process of Registration, Storage and Registration of Complaints to Financial System Participants"


9. Regulation 9 “On Operations with Cash in Banks Functioning on the Territory of the Republic of Armenia”


10. Regulation 17/01 “Licensing of Payment and Settlement Organizations, Registration of Branch Offices; Qualification of Managers of Payment and Settlement Organizations, Requirements to Payment and Settlement Organizations for Technical, Software and Safety Adequacy at their Premises; Register of Activity License to Payment and Settlement Organizations; Information Contained in the Register”


11. Regulation 17/02 “Regulation of Activities of Payment and Settlement organizations, Prudential Standards of Payment and Settlement Organizations, Procedure of their Calculation”


12. Regulation 17/03 “Statements of Payment and Settlement Organizations: Submission and Publication”


13. Regulation 17/09 "Cash Operations in Payment and Settlement Organizations operating in the Territory of the Republic of Armenia"


14. Regulation 18 “On Granting Permits for Creating and Operating Armenian Payment and Settlement Systems


15. Regulation 19 “Granting Permission to Participate in Foreign  Payment and Settlement Systems; the List of Changes to Foreign  PSS Operational Rules and Documents reportable to the Central Bank of Armenia; Foreign  PSS Criteria; and Running of Registry”


16. The Resolution No 39-N of the Board of the Central Bank of RA dated 31.01. 2006  “On Approving the Procedure of  Issuance, Servicing and Distribution of Payment Cards,  Operations Implemented through Payment cards”


17. The Resolution No 238-N of the Board of the Central Bank of RA dated 24.05. 2005  “On Approving the Procedure of Issuance, Honoring, and Circulation of Checks within the territory of the Republic of Armenia”


18. The Resolution No 96 of the Board of the Central Bank of RA dated 25.04. 2000  “On Approving the Maximum Time Periods for Implementation of Transfers of Funds by Payment Orders”


19. The order of transfer of funds in the Republic of Armenia by direct debiting


20. Guidance on "Money transfers through payment order"


21. The order of “Making transfers using regular payment orders in the Republic of Armenia"


22. The procedure, standard forms of published financial reports of payment and settlement organizations and the procedure for filling them out" 


23. The procedure "On the establishment of minimum requirements for information security" ,


24. The decision "minimum details of documents used in making payment and settlement transactions and the rules for filling them out"


25. The procedure and conditions for obtaining data from the information system for accounting administrative fines and fines of the Traffic Police of the Republic of Armenia and mandatory verification of these data for making payments"


26. Regulation 8/07 "minimum conditions and principles applicable to the internal accounting process, storage and registration of complaints against participants in the financial system"

The aforementioned laws and regulations can be found on www.arlis.am and www. cba.am․