Georgia's progress in strengthening measures to tackle money laundering and terrorist financing

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Language

English

Country

MONEYVAL-Follow-Up-Report-Georgia-2022

Filename
MONEYVAL-Follow-Up-Report-Georgia-2022.pdf
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593 KB
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application/pdf
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Overall, Georgia has made sufficient progress in addressing some of the TC deficiencies identified in its 2020 Mutual Evaluation Report in relation to Recommendation 29.

  • Recommendation 29 has been re-rated from Partially Compliant to Largely Compliant.

Further steps have been taken to improve compliance with Recommendations 22, 28 and 35 since the adoption of the MER, but some gaps remain.

The country is encouraged to continue its efforts to address the remaining deficiencies.

Georgia will remain in enhanced follow-up and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures.

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Related materials

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The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system
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The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024