Customs Matters

Download or read book Georgia written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2013-01-08 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Georgian antimoney laundering (AML) and combating the financing of terrorism (CFT) regime has significantly improved since 2007. However, technical deficiencies, poor implementation, and limited resources undermine the effectiveness of the financial intelligence unit (FIU) and AML/CFT supervision. The country has a comprehensive legal framework in place criminalizing both ML and FT as autonomous offenses and no shortcomings have been identified. It has also established a framework to implement the relevant United Nations Security Council Resolutions (UNSCRs).