IMF Staff Country Reports

Georgia: Report on Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

Publication Date:

January 8, 2013

Electronic Access:

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Summary:

This report is on the observance of standards and codes for the FATF 40 recommendations for antimoney laundering (AML) and special recommendations on combating the financing of terrorism. The government of Georgia indicated that the recommendations of the report have already been put into an action plan to implement appropriate corrective measures. Executive Directors approve that the regime has significantly improved since the last assessment. However, weaknesses with regard to compliance with key elements of the standard should be urgently addressed in light of significant vulnerabilities and threats.

Series:

Country Report No. 2013/005

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Crime Digital currencies Legal support in revenue administration Money laundering Revenue administration Technology Terrorism financing