What do enhanced measures consist of?

Additional information, increased update frequency, permission, establishment of origin and intensive monitoring.

When is simplification allowed?

At a lower risk level, with substantiation; together with signs of increased risk — prohibited.

What is the exemption institution?

An exception allowed by an act of the head of the service in strictly limited cases for low-risk services.

For how long is a transaction suspended?

For no more than 72 hours, without rest days and holidays; an oral instruction is put in writing within 24 hours.

Does the amount matter?

No — the suspension instruction is issued regardless of the transaction amount.

Risk Mitigation Strategies in Georgia

Strategic Responses of Risk Mitigation

Risk mitigation in Georgian law unfolds through the risk-based proportionality of the law on the prevention of money laundering and terrorism financing: enhancement for high risk, simplification for low risk, exemption in strictly limited cases, and operational suspension in an emergency — a set of distinct strategic responses. At the same time, the treatment categories of international voluntary frameworks are non-Georgian guidance concepts; the page is carried by the Georgian statutory proportionality regime.