Armenia
Armenia has one financial supervisor: the Central Bank of Armenia licenses banks, payment, insurance and crypto firms and supervises their AML duties, and its Financial Monitoring Center receives their reports. Remote onboarding is allowed, but a relationship without face-to-face contact is high risk by default and the first payment must come from the customer's own account. The Ministry of Economy licenses gambling; telecoms, healthcare, travel and public services have their own identity rules.
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Frequrently asked questions
The Central Bank of Armenia is the authorised body under the anti-money laundering law and supervises banks, payment and e-money firms, insurers and crypto-asset service providers. Its Financial Monitoring Center is Armenia's financial intelligence unit and receives suspicious and threshold reports. The State Revenue Committee supervises gambling operators, including for anti-money laundering purposes.
Yes. Banks, payment firms, insurers, crypto providers and online casinos may onboard remotely, and no verification technology is prescribed. Under Central Bank rules, a relationship without face-to-face contact is high risk unless a documented analysis submitted to the Central Bank supports a medium rating, and the first payment must come from an account in the customer's own name at a regulated financial institution.
Banks, payment and e-money firms, lenders, insurers, insurance brokers and crypto-asset service providers need Central Bank authorisation, and online gambling needs an Armenian gambling licence. There is no separate digital licence: an app or website uses the same licence as a branch. Mobile networks need a licence, while resellers, hotels and tour operators only notify. Telemedicine runs under a medical licence, and online shops need no sector licence.
In practice, yes. Under the Law on Protection of Personal Data, biometric data may be processed only with consent unless a law provides otherwise, and no AML, gambling, telecom or health rule requires biometrics. Consent must be written, certified with an electronic digital signature or shown by reliable actions, so a tick-box alone may not be enough. The Personal Data Protection Agency must be notified before processing starts.
Online shops and marketplaces, telecom operators, healthcare providers, hotels, tour operators and most public bodies are not reporting entities. Their identity duties come from sector rules instead, such as seller registration on platforms, SIM contract records, patient identification before telemedicine and hotel guest registers. A business that exchanges currency or transfers money is covered for that activity.