18/10/2019

In the light of Council of Europe and European Union joint programme “Partnership for Good Governance“ and it’s ongoing project on “Enhancing the systems of prevention and combating corruption, money laundering and terrorist financing in Georgia”, on October 18, at Rooms Hotel Tbilisi Presentation on Draft Money Laundering and Terrorism Financing (AML/CFT) National Risk Assessment Report was held.

Draft AML/CFT National Risk Assessment Report was prepared in accordance with the FATF standards and considering the best practices of other countries. The report aims to analyze and assess Money Laundering and Terrorism Financing Risks in Georgia; raise awareness in public and private sector on risks associated with ML/TF. The main findings of the report will enhance to define risks, priorities and proportionally align the resources by national authorities. Information included in the report will help financial and nonfinancial institutions to identify ML/TF risks associated with their businesses.

Respective representatives from Financial Monitoring Service of Georgia, Ministry of Finance, National Bank of Georgia, Insurance State Supervision Service of Georgia, other national and private institutions attended the presentation.

Cristian Urse, the Head of the Council of Europe Office in Georgia and Valerian Khasashvili, the head of Financial Monitoring Service of Georgia addressed the attendants with the speech.