ICAR to support Armenia’s Anti-Corruption Committee on asset recovery

We are pleased to have entered into a new partnership with the Anti-Corruption Committee of the Republic of Armenia, covering assistance with investigating and recovering assets acquired through corruption and other related crimes.   Under the Memorandum of Understanding (MoU), which was signed on 18 January 2022, our International Centre for Asset Recovery (ICAR) specialists will provide ongoing advice, technical assistance and training to the recently established Anti-Corruption Committee.   The aim of the agreement is to strengthen the institution’s capacity to identify and recover illicit assets linked to corruption, other financial crimes or other forms of criminal activity, including those hidden in foreign jurisdictions.    Sasun Khachatryan, Chairman of the Anti-Corruption Committee, signed the agreement alongside other members of the agency’s leadership during a two-day visit by senior asset recovery specialists from ICAR to the Armenian capital Yerevan. Thanking ICAR for the practical launch of the programme, he expressed confidence that the MoU would provide an effective basis for closer cooperation.   Gretta Fenner, the Basel Institute’s Managing Director, congratulated Sasun Khachatryan on his appointment as Chairman of the Anti-Corruption Committee and looked forward to commencing support in line with the agreement.   See additional photos and the press release of the Anti-Corruption Committee of the Republic of Armenia on the institution’s official Facebook page.