GeorgiaThe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism published a follow-up report that examines Georgia’s progress in improving its anti-money laundering and counterterrorist financing regime.
The National Bank of Georgia highlighted updates to its guidance on risk-based supervision principles.
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The National Bank of Georgia imposed a GEL38,000 monetary fine on the Tbilisi, Georgia-based commercial bank for anti-money laundering and counterterrorist financing failures.
The National Bank of Georgia imposed financial penalties totaling GEL85,500 on six currency exchange operators and one individual entrepreneur for noncompliance with anti-money laundering and counterterrorist financing laws.
| Technical | Effectiveness |
|---|---|
| Compliant : 6 | High : 0 |
| Largely Compliant : 22 | Substantial : 2 |
| Partially Compliant : 11 | Moderate : 8 |
| Non-Compliant : 1 | Low : 1 |
Georgia's technical compliance was re-rated in a Nov. 28, 2022, follow-up report.
| Rank : 39/110 |
| Score : 4.82/10 |
| Rank : 45/179 |
| Score : 56/100 |
| Rank : 44/176 |
| Score : 57/100 |