National Money Laundering and Terrorism Financing Risk Assessment Report for Georgia Approved

National Money Laundering and Terrorism Financing Risk Assessment Report aims to raise awareness among the competent authorities and the private sector on the risks of money laundering and financing of terrorism in Georgia. 

The key findings of the Report will assist competent authorities in setting priorities, allocating resources effectively and managing risks, and will help obliged entities to identify and manage money laundering and terrorism financing risks in their activities.
The Report was prepared in accordance with the standard of the FATF guidance document on National Money Laundering and Terrorism Financing Risk Assessment and international best practices. The preparation of the report was led by the Council at the Government of Georgia, which included representatives of competent bodies.  
In the framework of the Association Agreement, Georgia has undertaken the responsibility to align its legislation with that of the EU, including in the area of

prevention, detection and suppression of money laundering and terrorism financing. In this regard, it should be noted that Georgia is a responsible part of the international architecture of the fight against money laundering and terrorism financing.

Accordingly, the existence of the National Money Laundering and Terrorism Financing Risk Assessment Report is an important and valuable step forward for the country.

 
Please, view: 

Money Laundering and Terrorism Financing Risk Assessment Report 

Guidance on the Fight against Money Laundering and Terrorism Financing published by SARAS