Conference on Fight Against Money Laundering and Terrorism Financing was held on 25th September 2015 by Council of European in cooperation with Ministry of Finance of Georgia at Rooms Hotel in Tbilisi.

Conference was launched by H.E. Nodar Khaduri, Minister of Finance of Georgia, Mr. Cristian Urse, Head Office of the Council of Europe and Mr. Janos Herman, Head of Delegation of the European Union in Georgia.

Discussions at the Conference were related to the risk assessment and role of supervision bodies in the fight against money laundering and terrorism financing to comply with the legislation in the area concerned. International and local experts were engaged in the discussions.

“It is a significant event, especially after the notorious terrorist actions. The entire world is fighting against money laundering and terrorism financing through this channel. We were engaged in the process from the inception of the global initiative. Georgia has gained a tremendous success. It is evidenced with the event today, which is attended by delegations from the European Union and Council of Europe. We are discussing issues together in relation with the fight against money laundering. Apart from the Ministry of Finance, we have gathered here our colleagues from other institutions. Shared effort is domestically steered by the Ministry of Finance of Georgia. I believe that our country will turn into a jurisdiction free of the money laundering problem. We will succeed in implementing interesting investment projects with clean money” noted Minister of Finance of Georgia.
Reports on the actions implemented towards the fight against money laundering and terrorism financing were presented by the officials from the Council of Europe, Ministry of Finance of Georgia, Ministry of Foreign Affairs of Georgia, Ministry of Justice of Georgia, General Prosecution, National Bank of Georgia, State Supervision of Insurance and Bar Association.

Project is implemented within the scope of Program Cooperation Framework of the Council of Europe and European Union aimed at supporting the Eastern Partnership Countries. It is one of the five projects related to the fight against corruption, money laundering and terrorism financing.

Project involves the improvements of current legislation and institutional framework, professional skills and performance in the fight of Georgia against money laundering and terrorism financing to comply with international and European standards.

Project will last through December 31, 2017.