Georgia's progress in strengthening measures to tackle money laundering and terrorist financing

Overall, Georgia has made sufficient progress in addressing some of the TC deficiencies identified in its 2020 Mutual Evaluation Report in relation to Recommendation 29.

• Recommendation 29 has been re-rated from Partially Compliant to Largely Compliant.

Further steps have been taken to improve compliance with Recommendations 22, 28 and 35 since the adoption of the MER, but some gaps remain.

The country is encouraged to continue its efforts to address the remaining deficiencies.

Georgia will remain in enhanced follow-up and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures.