Georgia a is a member of MONEYVAL.
This MONEYVAL mutual evaluation report analyses the changes made by Georgia in dealing with the deficiencies identified in the 2006 Mutual Evaluation. It highlights the improvements in legislation with respect to the criminalisation of money laundering and financing of terrorism and the preventive measures for financial institutions. Progress has also been made with regard to the effective use of the money laundering criminal provisions and significant sums have been confiscated in the context of money laundering offences since 2005. However, it also underlines that weaknessess remain with regard certain key elements of the FATF Recommendations.
The press release and report are available on the MONEYVAL website:
The report was adopted at MONEYVAL’s 39th Plenary Meeting (Strasbourg, 2 - 6 July 2012). According to MONEYVAL’s procedures Georgia will have to submit a follow-up report on the implementation of the report's recommendations by July 2014.
For more information about the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures in Georgia, please consult the MONEYVAL website (www.coe.int/t/dghl/monitoring/moneyval).