Armenia to Introduce Electronic Seizure of Banking Secret Information - Ministry of Justice
18.03.2026,
16:43
In Armenia, the law will also provide for the possibility of electronic seizure of information containing banking and related secrets, Deputy Justice Minister Gevorg Kocharyan announced at a meeting of the parliamentary committee on state and legal issues on Wednesday.
YEREVAN, March 18. /ARKA/. In Armenia, the law will also provide for the possibility of electronic seizure of information containing banking and related secrets, Deputy Justice Minister Gevorg Kocharyan announced at a meeting of the parliamentary committee on state and legal issues on Wednesday.
"In recent years, the number of decisions to obtain information containing banking secrets has increased sharply," he noted, presenting the legislative package amending the Criminal Procedure Code of the Republic of Armenia and related laws in its first reading.
According to Kocharyan, this has also increased the time and resources spent processing and preparing the relevant information, as well as transmitting it to law enforcement agencies, which has complicated the work of both law enforcement and financial institutions. The deputy minister emphasized that the introduction of the electronic format is aimed at reducing the time and resources spent on transmitting information, as well as reducing human involvement in the process of transmitting sensitive data.
"We plan to introduce a special secure electronic communication channel through which sensitive data will be transmitted from financial institutions to law enforcement agencies," Kocharyan said.
The commission approved the bill.
"In recent years, the number of decisions to obtain information containing banking secrets has increased sharply," he noted, presenting the legislative package amending the Criminal Procedure Code of the Republic of Armenia and related laws in its first reading.
According to Kocharyan, this has also increased the time and resources spent processing and preparing the relevant information, as well as transmitting it to law enforcement agencies, which has complicated the work of both law enforcement and financial institutions. The deputy minister emphasized that the introduction of the electronic format is aimed at reducing the time and resources spent on transmitting information, as well as reducing human involvement in the process of transmitting sensitive data.
"We plan to introduce a special secure electronic communication channel through which sensitive data will be transmitted from financial institutions to law enforcement agencies," Kocharyan said.
The commission approved the bill.