of October 14, 1996 No. ZR-80
About bank secrecy
(In edition of the Laws of the Republic of Armenia of 23.12.1997 No. ZR-164, 22.06.2002 of No. ZR-367, 30.03.2004 of No. ZR-48, 21.12.2004 of No. ZR-146, 11.01.2005 of No. ZR-14, 13.12.2005 of No. ZR-228, 24.03.2007 of No. ZR-112, 21.06.2008 of No. ZR-98, 21.06.2008 of No. ZR-84, 12.07.2008 of No. ZR-128, 17.11.2008 of No. ZR-187, 06.04.2012 of No. ZR-63, 22.07.2014 of No. ZR-118, 21.12.2016 of No. ZR-213, 28.06.2017 of No. ZR-109, 28.06.2017 of No. ZR-113, 19.04.2020 of No. ZR-202, 11.05.2020 of No. ZR-241, 12.06.2020 of No. ZR-298, 30.03.2021 of No. ZR-114, 27.07.2021 of No. ZR-308, 02.05.2022 of No. ZR-98, 27.06.2022 of No. ZR-220, 07.10.2022 of No. ZR-357, 29.12.2022 of No. ZR-597, 03.05.2024 of No. ZR-202 (01.01 became effective. 2026), 07.06.2024 No. ZR-243, 19.12.2024 of No. ZR-518)
Accepted by National Assembly of the Republic of Armenia on October 7, 1996
This Law establishes the data which are bank secrecy, the legal basis and procedure for publication, storage and provision of these data, the rights and obligations of participants of the relations arising around bank secrecy and also responsibility for violation of requirements of this Law.
The relations connected with bank secrecy are regulated by this Law, other laws, and in the cases and limits provided by the law - and other legal acts.
Provisions of this Law extend to the Central bank of the Republic of Armenia (Central bank), banks, acting in the territory of the Republic of Armenia, including branches (departments), representations (further - "banks") these and foreign banks operating in the territory of the Republic of Armenia and also to all physical, legal entities, to the companies which do not have the status of the legal entity (further - persons) which in the procedure established by this Law received the data which are bank secrecy or were informed on them. If other does not follow from content of specific provision, then the term "bank" in this Law includes also Central bank - and in respect of the responsibility established by the Law.
This Law extends to the banks which are in process of liquidation if other does not follow from the features of liquidation provided by the law.
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