The Project was supported by The Center for International Private Enterprise (CIPE). The Project started in July 2023 and ended in December 2023.

FOICA conducted research and developed a policy roadmap identifying improvements to the identified laws or regulations that can reduce the ability to evade sanctions and provide guidance on how these improvements can be enacted.

Research was conducted to identify potential methods of sanctions evasion in Armenia. Based on the findings from the research, FOICA developed a policy roadmap identifying improvements to the identified laws or regulations that can reduce the ability to evade sanctions and provide guidance on how these improvements can be enacted. FOICA identified laws or regulations that need strengthening, determined the exact language that would strengthen the law, and then determined how the law would be improved through parliamentary processes or if relevant ministries can make changes without a new law.

The draft roadmap results were discussed with relevant stakeholders to ensure that it was consulted to validate the findings and recommendations in the policy roadmap and gather feedback on how best to implement the recommendations.