According to a recent article published by Capital Finance International, a print journal and online resource reporting on business, economics and finance, the National Bank of Georgia (NBG) and Georgian financial institutions have demonstrated full compliance with the financial sanctions imposed on the Russian Federation and Belarus by the US and other relevant parties.
The article highlights the National Bank of Georgia’s regulatory and supervisory framework, which is specifically designed to combat money laundering and financial terrorism in the virtual assets sector. This framework has received a positive assessment from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL).
In fact, the NBG has achieved an impressive milestone by being among the CoE’s seven MONEYVAL member countries to receive improved compliance ratings from “partially compliant” to “significantly compliant” with the 15th recommendation of the Financial Action Task Force (FATF).
Capital Finance International is a respected quarterly magazine covering business, economy, and finance. Headquartered in London, CFI.co has been a leading source of information for 12 years, with its printed edition being distributed at prestigious international forums such as the Davos Economic Forum, OECD conferences, Dubai Annual Investment Meetings (AIM), Opal Group Investor Conferences, and the World Investment Forum.
With a global readership of approximately 186,000 and a monthly online viewership of 410,000, CFI.co is a leading authority in the finance sector, providing in-depth analysis and insightful commentary on economic trends and developments worldwide.