Beneficial ownership register (AM0037)
Action Plan: Armenia Action Plan 2018-2020
Action Plan Cycle: 2018
Lead Institution: Ministry of Justice
Support Institution(s): State administration bodies FOICA, Transparency International, Armenian Lawyers' Association
Policy AreasAnti-Corruption Institutions, Beneficial Ownership, E-Government, Extractive Industries, Legislation & Regulation, Open Data
3. Open and public beneficial ownerships’ register
Commitment Start and End Date Commitment Start: November 2018
Commitment End: December 2020
Lead implementing agency Ministry of Justice
Person responsible from lead implementing agency Mariam Galstyan
Title, Department Head of Anti-Corruption Policy Development Division of Anti-Corruption and Penitentiary Policy Development Department
Email: firstname.lastname@example.org Phone +37410-594023
Other actors involved Other state actors involved State administration bodies
Civil society, private sector FOICA, Transparency International, Armenian Lawyers' Association
Issues subject to regulation Although the legislation in the Republic of Armenia (RA) prohibits public officials to be engaged in business activities, the lack of information about the ultimate beneficial owners of legal entities may actually enable the violation of this requirement and contribute to the spread of corruption.
After the Velvet revolution in the spring of 2018 the new government launched a real and effective fight against corruption and the disclosure of information about property owners can significantly contribute to the realisation of the government’s ambitions. With this commitment the government will adopt international beneficial ownership transparency standards and will monitor abuses of company ownership for illegal purposes. Taking into account the open will of the new government to eliminate corruption in all spheres, government of RA pledged to ensure the publicity of data on the real owners of companies operating in the country.
Main objective The main objective of the commitment is to open information on companies’ real owners to prevent and identify the misuse of company ownership for corruption offenses.
The publication of information of companies’ real owners will also support tax and law agencies to enforce the laws and regulations more effectively and carry out their functions and activities. The transparency of such information will promote the engagement of citizens in the fight against corruption and can increase trust in government. At the same time, it can have a positive effect in increasing investments in the Republic of Armenia.
Brief Description of Commitment The Government is committed to develop and implement a common mechanism for identifying the real owners of companies operating in RA, by creating and launching a comprehensive open and freely accessible register of beneficial ownership.
OGP challenge addressed by the commitment Publicity, accountability, enhancement of public integrity, innovation
Relevance to OGP values The Register will provide access to actual owners’ information, increase public confidence, increase transparency and public control, and thereby improve the accountability of companies.
Ambition The commitment is exclusive for Armenia and other OGP member countries. Armenia will have an effective tool for Civil society and the State agencies to determine the ultimate beneficial owners in all sectors of the economy operating in RA. This commitment is a comprehensive and inclusive program, which will lead to positive changes including a huge impact on the fight against corruption and money laundering. By doing so, Armenia will join the group of pioneer countries in the field of Beneficial ownership transparency.
Promotes efforts for implementation of SDG Goals or Targets 16.5 Substantially reduce corruption and bribery in all their forms.
17.17 encourage and promote effective public, public- private, and civil society partnerships, building on the experience and resourcing strategies of partnerships.
Verifiable and measurable criteria for performance of commitment Start End
1. Development of a legislative package that establishes the framework necessary to meaningfully advance on beneficial ownership transparency and implement an open register of ultimate beneficial owners.
This legislative package will be based on a comprehensive analysis of international experiences on issues such as the Beneficial Ownership Data Standard, the definition of beneficial owners, verification and registration mechanisms, and the range of required documentation.
In addition, the development of the legislative package will include consultations with stakeholders, such as representatives of civil society and the private sector, and the presentation of a consolidated package to the Prime Minister’s Staff.
2. Presentation of legislative drafts package to the National Assembly
3.Development of a database (using the Beneficial Ownership Data Standard) of ultimate beneficial owners of all companies operating in Armenia within the State Registry which will be responsible of the technical implementation and discussions with civil society and the private sectors. The database will be open and freely accessible to the public and ensure adequate use and search capabilities.
4. Piloting the register by entering data of ultimate beneficial owners of companies in the metal mining industry operating in Armenia. This includes collecting, verifying, publishing, and resolving system problems which are encountered during the pilot.
5. Launch of an open and public register of ultimate beneficial owners and parallel launch of a public awareness campaign.
Open data in official declarations
AM0035, 2018, Asset Disclosure
Government grant transparency
AM0036, 2018, Fiscal Transparency
Beneficial ownership register
AM0037, 2018, Anti-Corruption Institutions
Modernization of community website
AM0038, 2018, E-Government
State water Cadastre
AM0039, 2018, E-Government
AM0040, 2018, E-Government
Integrated social services
AM0041, 2018, E-Government
UNIFIED INFORMATION SYSTEM FOR MANAGEMENT OF EDUCATION
AM0042, 2018, Capacity Building
exploring medical assistance program
AM0043, 2018, E-Government
Platform for submitting petitions
AM0044, 2018, E-Government
public service dashboard
AM0045, 2018, E-Government
State Travel Transparency
AM0027, 2016, E-Government
Accountability for Grants of the Government
AM0028, 2016, E-Government
Transparency of the State Budget
AM0029, 2016, Fiscal Transparency
"Open Data" in Official Declaration:
AM0030, 2016, Anti-Corruption Institutions
Portal for Community Decisions.
AM0031, 2016, Capacity Building
AM0032, 2016, Capacity Building
Accessibility of Integrated Social Services
AM0033, 2016, E-Government
"One-stop-shop" Pilot Project Within Military Registration Offices
AM0034, 2016, Capacity Building
Digitization and publication of data in the “Republican Geological Fund” SNCO
AM0016, 2014, Extractive Industries
Ensuring transparency in mining
AM0017, 2014, Extractive Industries
Ensuring public awareness about health care financing
AM0018, 2014, E-Government
Ensuring transparency of asset and income declarations of the RA high-ranking officials
AM0019, 2014, Asset Disclosure
Online broadcasting of the State Procurement Appeals Board sessions
AM0020, 2014, E-Government
Community microsurvey introduction in 10 communities
AM0021, 2014, E-Government
Ensuring open, transparent, participatory and accountable process of state policies and legislative reforms
AM0022, 2014, E-Government
Public awareness on the lawmaking activity of state governance bodies
AM0023, 2014, E-Government
Ensuring transparency of the election of Governing Boards of the RA general secondary education institutions and of the annual budget planning and expenses of RA general secondary education institutions
AM0024, 2014, Education
Knowledge and capacity building of public servants in the freedom of information and anticorruption field
AM0025, 2014, Capacity Building
Ensuring transparency of local self government bodies of large communities
AM0026, 2014, E-Government
Reviewing the regulatory normative legal acts (Regulatory Guillotine Project)
AM0001, 2012, Legislation & Regulation
Improving Internal Audit System for the Public Sector
AM0002, 2012, Audits and Controls
Improving Procurement Procedures
AM0003, 2012, Capacity Building
Improving budget planning and reporting systems through full utilization of program budgeting
AM0004, 2012, Audits and Controls
Promoting Transparency and Objectiveness in Tax Administration
AM0005, 2012, Conflicts of Interest
Fight Against Corruption
AM0006, 2012, Anti-Corruption Institutions
Introduction of a unified payment system (portal)
AM0007, 2012, E-Government
State car inspection improvements
AM0008, 2012, Infrastructure & Transport
Implementation of an electronic system for consular services
AM0009, 2012, Citizenship and Immigration
Implementation of Mail-Armenia system
AM0010, 2012, Citizenship and Immigration
Introduction of e-statistics system
AM0011, 2012, E-Government
Introduction of e-documentation sharing system in urban communities
AM0012, 2012, E-Government
Ensuring Transparency of Asset Declarations
AM0013, 2012, Asset Disclosure
Standardization of Offical Websites Content
AM0014, 2012, E-Government
Improvement of Knowledge and Skills of Public Servants on Access to Information
AM0015, 2012, Capacity Building