The Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) issued a fourth follow-up report on Georgia, finding that while the country has taken steps to strengthen its anti-money laundering and counter-terrorist financing framework, progress has been limited and key shortcomings remain. Measures taken were not sufficient to upgrade Georgia’s technical compliance with Financial Action Task Force standards on targeted financial sanctions related to terrorism and terrorist financing and on targeted financial sanctions related to proliferation financing (Recommendations 6 and 7), leaving both rated partially compliant. Georgia did not request re-rating on other recommendations. Across the 40 FATF recommendations, Georgia is rated compliant on seven, largely compliant on 24, partially compliant on eight and non-compliant on one, the recommendation related to non-profit organisations; the follow-up work builds on MONEYVAL’s September 2020 evaluation and the previous follow-up report adopted in December 2024. Under MONEYVAL’s rules of procedure, and with an onsite visit for Georgia’s sixth-round mutual evaluation scheduled for spring 2029, Georgia is no longer subject to the fifth-round follow-up process.
Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) 2026-01-14
Committee of Experts on the Evaluation of Anti-Money Laundering Measures reports limited Georgian progress and keeps partial compliance on FATF targeted financial sanctions
MONEYVAL's fourth follow-up report on Georgia shows limited progress in enhancing its anti-money laundering and counter-terrorist financing framework. Georgia remains partially compliant with Financial Action Task Force standards on targeted financial sanctions for terrorism and proliferation financing. The country is compliant on seven FATF recommendations, largely compliant on 24, partially compliant on eight, and non-compliant on one concerning non-profit organizations.