Politics

The unbanning of citizens' money will take place in a single day. Four more banks have joined the program

The process of automating the enforcement service's functions is still ongoing.
From now on, by making the necessary payment through VTB-Armenia Bank, "Evokabank," "Armswissbank" and "Mellat Bank," the unbanning of citizens' money will take place in a single day.

Simplification of the process has become possible thanks to the introduction of digital solutions.
The project launched as a result of the cooperation between the Ministry of Justice, the Central Bank, and commercial banks will allow to save time and human resources and automate the entire chain of de-banning of the CRS.

Thus, when the enforcement service sends a request for confiscation to the bank, the latter will receive a response automatically from now on, without human intervention, so in the event of the complete availability of the amount subject to confiscation and the possibility of carrying out the seizure, the de-prohibition of all types of liens applied by the National Security Agency will take place in the amount of the confiscation amount: within one working day.

The new system will allow a faster and simplified process, avoiding prolonged administration.
Accounts of citizens will be blocked quickly, excluding the possibility of mistakes due to human factors, and the relations between CSDP and the bank will be regulated more quickly and accurately.

It should be noted that the CSDP had already implemented a similar pilot program with "ID Bank," "Converse Bank," and "Ameriabank." The procedure will continue until all banks in Armenia are involved.