Action against economic crime

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EU-CoE Programmatic Cooperation Framework (PCF)
in the Eastern Partnership Countries

 

PCF-Georgia: 
Project on "Combating Money Laundering and Terrorist Financing”

 

NEWS

 

Georgian AML/CFT supervisors discuss transparency of beneficial ownership
(Tbilisi, Georgia, 17 - 18 January 2017)  

On 17 - 18 January 2017, the Council of Europe organised a two days training for Georgian AML/CFT supervisory agencies on transparency of beneficial ownership in the context of legal persons and legal arrangements. The training was attended by representatives of the National Bank of Georgia, Insurance State Supervision Service of Georgia, Ministry of Finance of Georgia, Revenue Service of Georgia, National Agency of Public Registry, Chamber of Notary, Georgian Bar Association and the recently established Accounting, Reporting and Auditing Oversight Service. In the course of the two days, Georgian authorities were familiarised with issue specific international standards, namely the 2012 FATF Recommendations and good practices from other countries. Second day of the training was dedicated to the role of private sector supervisory entities under the AML/CFT legislation in Georgia. The training represents an initial step in bringing the topic closer to authorities in Georgia. It will be followed the development of a Guide on implementation of international standards and good practice on transparency of beneficial ownership in Georgia.


Georgian prosecutors and investigators work on enhancing asset recovery skills
(Tbilisi, Georgia, 7-8 November 2016)  

On 7-8 November 2016, the Council of Europe and the Chief Prosecutor’s Office of Georgia organised a two-day asset recovery training for the Georgian prosecutors and law enforcement agencies. Participants included representatives from the Chief Prosecutor’s Office, Ministry of Internal Affairs, Investigation Service of the Ministry of Finance, State Security Agency, and the Financial Monitoring Service. The training aimed at improving local practices by discussing tools and good practices in other countries which could be adapted for use in Georgia. Issues such as modalities of tracing and identification of proceeds of crime, freezing, and confiscation, as well as applicable international standards were discussed in the course of the two days. The discussion on practices identified the main barriers for an effective asset recovery system in Georgia and possible steps for further improvement.


AML/CFT compliance training program launched for lawyers in Georgia
(Tbilisi, Georgia, 1 November 2016)  

On 1 November 2016, the Council of Europe and the Georgian Bar Association organised the first training session on anti-money laundering and counter terrorist financing (AML/CFT) compliance for lawyers . The sessions were delivered in the form of a training of trainers (ToT) of the selected members of the Georgian Bar Association, who will serve as national trainers on the topics in the future. In the course of the ToT, participants familiarised themselves with relevant international and local AML/CTF requirements, most frequent AML/CFT typologies and red flags relevant for lawyers. Furthermore they discussed burning issues for the profession, such as how to observe AML/CFT rules without violating client secrecy and legal professional privilege. As a part of this effort, participants were also provided with materials to be used in future national courses, including a practical check-list of pertinent issues for all lawyers subject to the regime.

Photos


Georgian prosecutors and investigators discuss corporate criminal liability
(Tbilisi, Georgia, 8-9 September 2016)  

On 8-9 September 2016, prosecutors and investigators from the Georgian Chief Prosecutor’s Office, the State Security Service, and the Investigation Service of the Ministry of Finance, considered good practices on “Investigation and Prosecution of Legal Entities for Economic Crimes”, in a training event organised by Council of Europe. The program of the training was developed jointly by the Council of Europe and the General Prosecutor’s Office of Georgia to reflect the greatest points of contest in practice as identified by Georgian authorities. The participants had the opportunity to discuss issues including how to establish corporate liability in practice, consequences of dissolution or transformation of company, and good practices on gathering evidence. These and other questions were also considered on a practical level through case study exercises prepared jointly by the General Prosecutor’s Office and the Council of Europe experts. This training is part of the overall PCF-Georgia efforts to build up the capacities of prosecutors and law enforcement institutions to tackle economic crime. The training is a follow-up to the training held in November 2015, and is complementary to the on-going work with the General Prosecutor’s Office on developing the manual on the prosecution of legal entities for Georgian prosecutors.

Agenda
General Prosecutor’s Office of Georgia:
 Link 1 - Link 2


AML/CFT Authorities discuss international standards and good practices
(Tbilisi, Georgia, 16 – 17 June 2016)  

Seventeen representatives from five anti-money laundering/counter terrorist financing (AML/CFT) supervisory entities in Georgia had the opportunity to hear about international standards applicable to AML/CFT supervision and discuss good practices in field during a two-days’ workshop held in Tbilisi on 16 – 17 June 2016. This event was organized as part of efforts to strengthen regulatory frameworks and operational practices regarding AML/CFT supervision in Georgia and was the first in a series of events targeting the supervision sector.

Agenda
Press release


Workshop for the AML/CFT Inter-Agency Council of Georgia
(Tbilisi, Georgia, 6 June 2016)  

On 6 June 2016, the Council of Europe conducted a workshop on “Combating money laundering and terrorist financing in Georgia” for members of the Georgian Inter-Agency Council for Developments and Coordination of Implementation of the Strategy and Action Plan for Combating Money Laundering and Terrorist Financing in an effort to boost the Council’s role in overseeing implementation of the AML/CFT Strategy and Action Plan. The workshop was opened by the Minister of Finance of Georgia, the leading institution in the AML/CFT Strategy and Action Plan implementation. The event provided an opportunity for members of the Inter-Agency Council to discuss with Council of Europe experts international standards, best tools to prevent and fight money laundering and terrorist financing, and examine the progress with the implementation of the Georgian Strategy and Action Plan for Combating Money Laundering and Terrorism Financing (2014-2017).

Agenda
Media Report
Ministry of Finance of Georgia photos videos


Training for the Georgian Insurance Sector (Tbilisi, Georgia, 31 March-01 April 2016)  

Representatives from the Georgian insurance sector discussed international standards and good practices in countering money laundering and countering of financing of terrorism (AML/CFT) on 31 March - 01 April, in Tbilisi, Georgia. The training was organised in cooperation by the Council of Europe, the State Insurance Supervisory Service of Georgia and the Financial Monitoring Service of Georgia. During the training, representatives of all insurance companies from Georgia had the opportunity to discuss with Council of Europe and local experts AML/CFT international standards and local regulation, current and emerging threats regarding misuse of the insurance market by criminals and terrorists, and good practices regarding supervision methods and procedures, including off-site monitoring and on-site inspections. Practical considerations were considered through training case studies. This event was the first AML/CFT training ever organized for the insurance sector in Georgia and will be followed by further activities in the field.

Agenda English / Georgian
Presentations by Mr Nedko Krumov, Council of Europe expert:
Money laundering through insurance sector - international case study
The international approach on application of the AML/CFT requirements – how compliance officer can do it?
The Bulgarian approach on supervision of the insurance sector – how we do it on practice
New AML/CFT Standards


Judges discuss international and national practice on combating money laundering and terrorist financing
(Tbilisi, Georgia, 18-19 February 2016)  

17 judges and assistant judges from the Tbilisi Court of Appeals, Tbilisi City Court, Kutaisi City court and district courts of Telavi, Akhaltsikhe, Gori, and Khashuri took part in a two-day training on “Combating money laundering and terrorist financing” organised in Tbilisi on 18 - 19 February 2016 by the Council of Europe and the Georgian High School of Justice. Participants were familiarised with international standards on money laundering and terrorist financing, money-laundering and terrorist financing schemes, sources of information and evidence, and use thereof at trial. A number of money laundering and terrorist financing case studies were discussed with the Council of Europe expert, and participants had the opportunity to use the knowledge gained through analysis of a hypothetical case.


PCF PROGRAMME COMPONENTS

PCF Programme
  PCF - Azerbaijan
  PCF - Belarus
  PCF - Georgia
  PCF - Ukraine
  PCF - Regional

PROJECT DOCUMENTS

Project Summary
1st Progress Report
2nd Progress Report
Workplan/Calendar
Deliverables

MAIN ACTIVITIES

2015
2016

CONTACTS

Project Team

PHOTO GALLERY

2015
2016