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

On April 27 and 29, two additional online trainings were 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. 

The Council of Europe experts Elizabeth Florkowski and Hassan Genz discussed the following topics: AML/CFT international standards, 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.