The representatives of Georgian customs authorities (Customs Department of the Revenue Service), the Investigation Service of the Ministry of Finance, Chief Prosecutor’s Office and the Financial Monitoring Service of Georgia participate in a two-day training on "Cash and money laundering”.
The activity aims at raising awareness and training custom authorities on cash smuggling and cash based money laundering, criminal exploitation of money services and emerging trends, use of cash related to terrorist financing. The Council of Europe experts will share with the participants good practices and discuss possible steps for improving money laundering investigations and cash seizure in Georgia.
Following the training, the CoE will provide the beneficiary institutions in Georgia with a Training Handbook on “Cash and money laundering.” The Handbook aims to help Georgian customs authorities to better understand relevant international and European anti-money laundering/countering of financing of terrorism (AML/CFT) standards and good practices and to take steps towards introducing adequate measures to detect and prevent illicit transportation of cash.
The training is part of the Council of Europe support to the Georgian government’s effort to build a solid national AML/CFT framework. The CoE implements this activity within the framework of the CoE/EU Partnership for Good Governance Project “Combating money laundering and terrorism financing in Georgia”.