GeorgiaThe National Bank of Georgia released a summary of its 2021 enforcement actions in the financial sector.
The National Bank of Georgia and the USAID Economic Security Program held an international conference on digital currency and decentralized finance on May 4-5, 2022, in Tbilisi, Georgia, to raise awareness and facilitate dialogue on digital finance and fintech issues.
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The Georgia National Bank highlighted two monetary penalties totaling ₾15,000 against two currency exchange operators for anti-money laundering and counterterrorist financing noncompliance.
The National Bank of Georgia imposed a fine of ₾64,000 on the Tbilisi, Georgi-based bank for noncompliance with its anti-money laundering and counterterrorist financing obligations.
| 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 |