YEREVAN, FEBRUARY 14, NOYAN TAPAN. The first conference of the Financial Action Task Force (FATF) and the CE Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) will be held at the Council of Europe (CE) on February 21-23. A report on Armenia will be given at the conference. NT was informed from the CE Armenia Information Office that having the purpose to develop international cooperation in the fight against money laundering and terrorism financing, about 400 participants of the conference will examine FATF's mutual evaluation report on Turkey and MONETVAL's 3rd stage mutual evaluation report on Georgia. The reports submitted by Cyprus and Azerbaijan will be discussed as well. The problem of abusing the value added tax (VAT) system and the problem of money laundering in South America are also on the agenda of the FATF and MONEYVAL conference. Secretary-General of the Council of Europe Terry Davis will open the conference on February 21. 46 CE member states are members of MONEYVAL Committee. 33 countries are FATF members.

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