Draft Orders of the Head of SARAS on Continuing Education in the Direction of Anti-Money Laundering Supervision

The normative acts developed by SARAS aim to raise awareness among obliged entities and help them provide services in accordance with the law. 

In accordance with the Law of Georgia on Accounting, Reporting and Auditing, SARAS has developed the draft Order of the Head of the Service for Accounting, Reporting and Auditing on the Approval of the Procedure for Receiving Continuing Education in the Field of Facilitating the Prevention of Money Laundering and the Financing of Terrorism, as well as Order No. N-13 of 18 August 2017 of the Head of the Service for Accounting, Reporting and Auditing Supervision on the Approval of the Continuing Education Standard. 

Participation in the continuing education process will help all obliged entities to acquire/develop the necessary competence to meet the requirements of the Law of Georgia on Facilitating the Suppression of Money Laundering and Terrorism Financing, as well as to learn and analyze the existing local and international practices on the matters of promoting the prevention of money laundering and terrorism financing. 

These normative acts will come into force in August this year. Please read the Order No. N-13 of 18 August 2017 of the Head of the Service for Accounting, Reporting and Auditing Supervision on the Approval of the Continuing Education Standard and the draft Order on the Approval of the Procedure for Receiving Continuing Education in the Field of Facilitating the Prevention of Money Laundering and the Financing of Terrorism, as well as respective explanatory memoranda.