Online Reporting System

04
May

On March 30, 2021 Amendments to the Law of Georgia “On Facilitating the Suppression of Money Laundering and Terrorism Financing“ were introduced

On April 14  new requirements (amendments made on March 30) of Articles 41 and 42 of Law of Georgia “On Facilitating the Suppression of Money Laundering and Terrorism Financing“ entered into force. According to which, the amendments (listing or delisting or change in identification data ) made by UN Sanctions Committee to the list of listed persons, adopted under Chapter VII of the Charter of the United Nations, relating to the terrorism and proliferation of weapons of mass destruction and its financing, shall be directly effective in Georgian jurisdiction from the moment of publication on official webpage of UN sanction committee.