Workshop aiming to raise awareness of accountants and auditors regarding Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) was held

The Service for Accounting, Reporting and Auditing Supervision of the Ministry of Finance of Georgia (SARAS), Council of Europe (COE) and Financial Monitoring Service of Georgia (FMS) organized the workshop regarding Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) on May 29 and 30. The workshop aimed to raise awareness about the AML/CFT risks to the accountancy and auditing sector. The workshop was facilitated by the expert of Council of Europe.  

The following issues were discussed: legal duties and responsibilities of accountants and auditors in combating the financing of terrorism and money laundering, the role of oversight bodies in enforcing compliance with laws, risks, their exposures and current condition, international experience towards AML/CFT, etc. 

The discussion aiming to bring out challenges and best practices in the accountancy and auditing sector was held during the workshop. 

Representatives of SARAS, FMS, professional organizations, audit firms and academy representatives attended the workshop.

Please refer to linked presentation.