ArmInfo.The Central Bank of Armenia and the Ministry of Justice of the Republic of Armenia signed a memorandum of understanding to ensure the format filling of data on payments made from accounts under enforcement proceedings by the Compulsory Enforcement Service of judicial acts.
As noted in the message of the Central Bank of the Republic of Armenia, the document provides for the introduction of new electronic tools to ensure faster identification of citizens' payments in commercial banks and settlement organizations with specific enforcement proceedings.
This memorandum was signed as part of a program to remove as soon as possible the restrictions applied by the Compulsory Enforcement Service of judicial acts on the enforcement proceedings of citizens' payments in banks and settlement organizations.
As a result of the application of new digital solutions, the automatic termination of enforcement proceedings and the removal of arrest from accounts in the shortest possible time (1-2 days instead of the previous 7 days or more) will be ensured based on payments made by citizens in banks.
