National Bank of Georgia Statement

Given the high level of public interest, we clarify that, in connection with the alleged case of money laundering, the National Bank of Georgia, within the mandate granted by the Organic Law, has been actively cooperating with the relevant authorities and remains engaged in the investigative process. In accordance with legal requirements, the NBG provided the requested information to investigators in a timely manner and carried out the necessary supervisory measures.

Furthermore, the National Bank of Georgia continues to supervise currency exchange offices, both in terms of combating money laundering and terrorist financing, as well as ensuring compliance with international sanctions regimes.

Supervision of the financial sector is conducted in line with international standards and based on the principles of risk-based oversight. Where violations are identified, the NBG applies appropriate supervisory measures, including financial penalties, which serve to strengthen sectoral compliance and prevent similar cases in the future. In cases where potential criminal conduct is identified, the Bank refers information to the competent authorities.

We also note that the level of compliance within Georgia's financial sector, as well as the quality of supervisory practices, is consistently evaluated positively by various international organizations, including the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL).