07165oam 22012014 450 991077976110332120230803020925.01-4755-9753-31-4755-3427-21-4755-5293-9(CKB)2550000001064523(EBL)1607134(SSID)ssj0001079326(PQKBManifestationID)11595220(PQKBTitleCode)TC0001079326(PQKBWorkID)11067474(PQKB)11100281(MiAaPQ)EBC1607134(Au-PeEL)EBL1607134(CaPaEBR)ebr10739389(CaONFJC)MIL499040(OCoLC)870597615(IMF)1GEOEE2013001(IMF)1GEOEA2013001(EXLCZ)99255000000106452320020129d2013 uf 0engur|n|---|||||txtccrGeorgia : Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of TerrorismWashington, D.C. :International Monetary Fund,2013.1 online resource (469 p.)IMF Staff Country ReportsDescription based upon print version of record.1-4755-2998-8 1-299-67790-8 Cover; Contents; ACRONYMS; Preface; Executive Summary; Key Findings; Legal Systems and Related Institutional Measures; Preventive Measures-Financial Institutions; Preventive Measures-Designated Non-Financial Businesses and Professions; Legal Persons and Arrangements & Non-Profit Organizations; National and International Cooperation; 1. GENERAL; 1.1. General Information on Georgia; 1.2. General Situation of Money Laundering and Financing of Terrorism; 1.3. Overview of the Financial Sector; 1.4. Overview of the DNFBP Sector1.5. Overview of commercial laws and mechanisms governing legal persons and arrangements1.6. Overview of Strategy to Prevent Money Laundering and Terrorist Financing; 1.7. Progress Since the Last Mutual Evaluation; 2. LEGAL SYSTEM AND RELATED INSTITUTIONAL MEASURES; 2.1. Criminalization of Money Laundering (R.1 and 2); 2.1.1. Description and Analysis; 2.1.2. Recommendations and Comments; 2.1.3. Compliance with Recommendations 1 and 2; 2.2. Criminalization of Terrorist Financing (SR.II); 2.2.1. Description and Analysis; 2.2.2. Recommendations and Comments2.2.3. Compliance with Special Recommendation II2.3. Confiscation, Freezing and Seizing of Proceeds of Crime (R.3); 2.3.1. Description and Analysis; 2.3.2. Recommendations and Comments; 2.3.3. Compliance with Recommendation 3; 2.4. Freezing of Funds Used for Terrorist Financing (SR.III); 2.4.1. Description and Analysis; 2.4.2. Recommendations and Comments; 2.4.3. Compliance with Special Recommendation III; 2.5. The Financial Intelligence Unit and its Functions (R.26); 2.5.1. Description and Analysis; 2.5.2. Recommendations and Comments; 2.5.3. Compliance with Recommendation 262.6. Law enforcement, Prosecution and Other Competent Authorities-the Framework for the Investigation and Prosecution of Offenses, and for Confiscation and Freezing (R.27 & 28)2.6.1. Description and Analysis; 2.6.2. Recommendations and Comments; 2.6.3. Compliance with Recommendations 27 & 28; 2.7. Cross-Border Declaration or Disclosure (SR.IX); 2.7.1. Description and Analysis; 2.7.2. Recommendations and Comments; 2.7.3. Compliance with Special Recommendation IX; 3. PREVENTIVE MEASURES-FINANCIAL INSTITUTIONS; 3.1. Risk of Money Laundering or Terrorist Financing3.2. Customer Due Diligence, Including Enhanced or Reduced Measures (R.5 to 8)3.2.1. Description and Analysis; 3.2.2. Recommendations and Comments; 3.2.3. Compliance with Recommendations 5; 3.2.4. Recommendations and Comments; 3.2.5. Compliance with Recommendations 6 to 8; 3.3. Recommendation 9-Third Parties and Introduced Business; 3.3.1. Description and Analysis; 3.3.2. Recommendations and Comments; 3.3.3. Compliance with Recommendation 9; 3.4. Financial Institution Secrecy or Confidentiality (R.4); 3.4.1. Description and Analysis; 3.4.2. Recommendations and Comments3.4.3. Compliance with Recommendation 4The Georgian antimoney laundering (AML) and combating the financing of terrorism (CFT) regime has significantly improved since 2007. However, technical deficiencies, poor implementation, and limited resources undermine the effectiveness of the financial intelligence unit (FIU) and AML/CFT supervision. The country has a comprehensive legal framework in place criminalizing both ML and FT as autonomous offenses and no shortcomings have been identified. It has also established a framework to implement the relevant United Nations Security Council Resolutions (UNSCRs).IMF Staff Country Reports; Country Report ;No. 2013/004Money launderingGeorgia (Republic)TerrorismFinanceGeorgia (Republic)Banks and BankingimfPublic FinanceimfCriminologyimfIllegal Behavior and the Enforcement of LawimfTaxation, Subsidies, and Revenue: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfCorporate crimeimfwhite-collar crimeimfPublic finance & taxationimfCrime & criminologyimfBankingimfAnti-money laundering and combating the financing of terrorism (AML/CFT)imfLegal support in revenue administrationimfMoney launderingimfCrimeimfRevenue administrationimfTerrorism financingimfRevenueimfCrime--Economic aspectsimfBanks and bankingimfGeorgiaimfMoney launderingTerrorismFinanceBanks and BankingPublic FinanceCriminologyIllegal Behavior and the Enforcement of LawTaxation, Subsidies, and Revenue: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesCorporate crimewhite-collar crimePublic finance & taxationCrime & criminologyBankingAnti-money laundering and combating the financing of terrorism (AML/CFT)Legal support in revenue administrationMoney launderingCrimeRevenue administrationTerrorism financingRevenueCrime--Economic aspectsBanks and bankingInternational Monetary Fund.DcWaIMFBOOK9910779761103321Georgia2664553UNINA