GeorgiaGeorgia’s Service for Accounting, Reporting, and Auditing Supervision issued its strategy for the years 2023 to 2026 on promoting financial inclusion and accountability.
Georgia’s Service for Accounting, Reporting, and Audition Supervision announced the issuance of Order Numbers N-8 and N-9 which approve additional training on anti-money laundering and counterterrorist financing topics.
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The National Bank of Georgia announced enforcement actions against two Tbilisi, Georgia-based financial institutions for failure to comply with their anti-money laundering and counterterrorist financing obligations.
The National Bank of Georgia issued 38 enforcement actions in January 2023 against entities and individuals that failed to comply with the jurisdiction’s 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 |