Council of Europe anti-money laundering and counter-terrorist financing Committee visits Georgia A delegation of the Council of Europe's Committee of Experts for the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) carried out an onsite go to to Georgia from 4 to 15 November 2019.

The delegation was composed of MONEYVAL specialists with a prison, regulation enforcement and financial historical past and supported by members of the MONEYVAL Secretariat. The delegation has been received by means of the Deputy Head of the Georgian Financial Intelligence Unit and with the aid of the First Deputy of the General Prosecutor’s Office.

The delegation met with the authorities chargeable for the Georgian anti-money laundering and countering the financing of terrorism (AML/CFT) system (i.E. Competent ministries, crook justice and operational agencies, financial zone bodies and supervisors of companies and professions with AML/CFT responsibilities). The delegation also held conferences with a superb number of personal stakeholders (e.G. Economic establishments, notaries, attorneys, actual property agents and casinos) and representatives from non-income companies.

The delegation is tasked with analysing – within the shape of a mutual evaluation file - Georgia’s degree of compliance with the Financial Action Task Force (FATF) forty Recommendations and the level of effectiveness of Georgia’s AML/CFT device, and with presenting recommendations on how the device may be strengthened.