Georgian lawyers will benefit from three trainings on anti-money laundering and combatting financing of terrorism (AML/CFT) compliance. These trainings are organized within the joint EU/CoE Partnership for Good Governance Project “Strengthening anti-money laundering institutions in Georgia” in cooperation with the Georgian Bar Association. The first training takes place on 26 November 2018 while the other two on 6 December and 12 December 2018 respectively.
These trainings are part of the Project’s effort to assist the Georgian Bar Association to raise awareness among legal professionals and law firms about their exposure to the risks of money laundering and to increase their knowledge about AML/CFT compliance requirements. Local trainers, who have been part of a Train the Trainers programme provided through the Project, will deliver the trainings for their peers. The Project has also developed a Training Manual on “AML/CFT compliance and the legal sector” to support the local trainers in leading the training courses.
Trainings will provide an overview of the obligations of lawyers through an introduction to international and domestic AML/CTF requirements, discussion of existing and emerging money laundering and terrorist financing risks and vulnerabilities, review of typologies and red flags relevant to the sector and discuss issues related to client secrecy and legal professional privilege.
Finally the participants will discuss the role of the Georgian Bar Association, the supervisory institution for the sector, in enforcing AML/CFT compliance.