Online Reporting System

International & Domestic Cooperation

In the field of combating illicit income legalization and terrorism financing the Financial Monitoring Service of Georgia actively cooperates with the Council of Europe Committee of Experts on the Evaluation of Anti Money Laundering Measures and the Financing of Terrorism (Moneyval), the Egmont Group and other international organizations.The Service has concluded number of Memorandums on Cooperation with FIUs of different countries.

Based on the law of Georgia “On Facilitating the Prevention of Illicit Income Legalization”, the Georgian bodies, authorized to work on issues related to legalization of illicit income and terrorism financing, within their competence cooperate with domestic and foreign competent agencies and international organizations, in affairs such as receipt of information, preliminary investigation, court hearing and execution of resolutions.

For further development of domestic cooperation, the FMS signed Memorandums on Cooperation with the National Bank of Georgia (NBG), the Ministry of Finance of Georgia, the Ministry of Justice of Georgia and the Ministry of Internal Affairs of Georgia as well as the Civil Registry Agency – legal entity of public law (recently named as State Services Development Agency). Memorandums aim to ensure the coordination of activity of the mentioned institutions for the purpose to facilitate the prevention of illicit income legalization and terrorist financing.