The National Bank of Georgia issued a public statement clarifying that, in relation to an alleged money laundering case, it has been actively cooperating with relevant authorities within its mandate under the Organic Law, including providing requested information to investigators and carrying out necessary supervisory measures. The central bank also reiterated that it continues to supervise currency exchange offices for anti-money laundering and counter-terrorist financing compliance and adherence to international sanctions regimes, using a risk-based approach aligned with international standards. Where violations are found, it applies supervisory measures including financial penalties, and refers matters to competent authorities when potential criminal conduct is identified. The statement also noted that Georgia’s financial-sector compliance and supervisory practices are assessed positively by international bodies including MONEYVAL.
National Bank of Georgia 2025-09-17
National Bank of Georgia confirms cooperation with investigators in alleged money laundering case and ongoing AML and sanctions supervision of currency exchange offices
The National Bank of Georgia clarified its cooperation with authorities in an alleged money laundering case, providing information and conducting supervisory measures under the Organic Law. It supervises currency exchange offices for anti-money laundering and counter-terrorist financing compliance, applying penalties and referring potential criminal conduct cases. Georgia's financial-sector compliance is positively assessed by international bodies, including MONEYVAL.