Training on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Compliance for Accountants and Auditors was held

On December 20, the training was held within the Project - “Enhancing the systems of prevention and combating corruption, money laundering and terrorism financing in Georgia” (EU/CoE Partnership for Good Governance joint program) on: “Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Compliance for Accountants and Auditors.” The training was intended for auditors/audit firms and accountants. 

Ms. Mariam Bezhuashvili (Head of the Methodology, International Relations and legal department of the Financial Monitoring Service) gave a presentation on the legal system for anti-money laundering and counter-terrorism financing in Georgia and risks in the sector. 
 
Council of Europe expert Mr. Terence Donovan discussed the following topics: Risk-Based Approach (RBA) and AML/CFT oversight for the accounting/auditing sector; client identification and verification (CDD); the importance of cooperation between oversight bodies, the Financial Monitoring Service and monitoring entities.

Please, be advised that two additional sessions of the abovementioned training will be held in 2022.