Armenia conducts searches at over 50 locations in money laundering probe

Armenian authorities are conducting searches at more than 50 locations as part of a large-scale investigation into alleged money laundering and illicit financial activity, the country’s Investigative Committee said.

The operation is linked to a criminal case involving what officials described as the material incentivisation of numerous individuals and money laundering on an especially large scale, Caliber.Az reports via Armenian media.

“During the preliminary investigation of a criminal case initiated on the fact of material stimulation of numerous persons and money laundering on an especially large scale, searches are being conducted at more than 50 addresses,” the committee said.

The searches are ongoing, and authorities have not disclosed further details about the individuals or entities involved, nor the scope or timeline of the alleged activities.

No additional information has been released at this stage.

By Tamilla Hasanova