Important and even Belated Decision: President of an NGO talks about the Draft on Criminalization of Illicit Enrichment

Last week the Governmnet approved the decision on criminalization of illicit enrichment. As we have informed article 310.1 will be added in the Criminal Code. The article provides punishment for the term of 3 to 6 years imprisonment, deprivation of right to hold certain posts or carry out certain activities for up to 3 years with confiscation of property.

In the interview with Harutyun Alexanyan, president of “Ellegia” NGO emphasized the importance of this step: “I believe this is a very important draft, even belated. It is necessary to cultivate distinct enforcement mechanisms in that direction. According to him, the enforcement mechanisms would enable to struggle against laundering of illegally gained money and those who acquire illegal property.

Speaking about the sanctions Mr. Aleksanyan noted that perhaps stricter punishments could be applied, and even coupled with confiscation of property.