BAKU, Azerbaijan, January 14. Georgia has shown
limited progress in strengthening its measures against money
laundering and terrorist financing, Trend reports, citing data from the Council of
Europe’s Committee of Experts.


The Council's follow-up Evaluation of Anti-Money Laundering
Measures and the Financing of Terrorism (MONEYVAL) states that
Georgia has made limited progress in addressing several technical
compliance deficiencies that affect the application of the
Financial Action Task Force (FATF) standards, particularly in the
area of targeted financial sanctions related to terrorism,
terrorist financing, and the financing of the proliferation of
weapons of mass destruction, covered under FATF Recommendations 6
and 7.


However, the progress achieved was not sufficient to justify an
upgrade of these two recommendations, and Georgia therefore remains
rated as “partially compliant” with them. The Georgian authorities
did not request a re-rating for other recommendations.


At this time MONEYVAL assesses Georgia as compliant with seven
of the 40 FATF recommendations, largely compliant with 24,
partially compliant with eight, and non-compliant with one
recommendation related to non-profit organizations.


In accordance with MONEYVAL’s rules of procedure, and given that
the on-site visit for the sixth round of Georgia’s mutual
evaluation is scheduled for spring 2029, Georgia will no longer be
subject to the fifth-round follow-up process.







The document represents the fourth follow-up report issued after
the mutual evaluation of Georgia conducted in September 2020, while
the previous follow-up report was adopted in December 2024.


MONEYVAL is the Council of Europe's permanent monitoring body
that assesses member states' systems for combating money laundering
(AML), terrorist financing (CFT), and proliferation financing
(CPF), ensuring compliance with international standards and
recommending improvements to protect the global financial system
from criminal abuse. As a FATF-style regional body (FSRB), it
conducts peer reviews to evaluate effectiveness and publishes
reports, influencing financial integrity in Europe and beyond.


Stay up-to-date with more news on Trend News
Agency's WhatsApp channel


.