The National Bank of Georgia (NBG) has released an official statement regarding the ongoing investigation into a large-scale money laundering case, reaffirming its active cooperation with relevant authorities.
The Bank says it promptly provided investigators with all requested information within the framework of its legal mandate and continues to play a supervisory role in the case. “Due to high public interest, we clarify that the National Bank of Georgia, within the framework of the mandate granted by organic law, actively cooperated with relevant agencies regarding the alleged fact of legalising illegal income, and is involved in the investigative process,” the statement read.
The NBG emphasized that its supervision covers currency exchange points, with a focus on preventing money laundering, terrorism financing, and enforcing international sanctions regimes. Supervision, it noted, is conducted in line with international standards and follows a risk-based approach. Where violations are identified, measures such as monetary fines are imposed, while in cases suggesting potential crimes, information is passed to law enforcement agencies.
The Bank also underlined that Georgia’s financial sector has been positively evaluated by international organisations, including the Council of Europe’s MONEYVAL committee, for its compliance and supervisory practices.
The investigation, led by the Prosecutor’s Office and the State Security Service of Georgia (SSSG), has uncovered what authorities describe as an unprecedented money laundering scheme involving USD 624 million and EUR 35 million in illicit funds between 2022 and 2024. At least one individual has been arrested on money laundering charges, with the case still under active inquiry.
Image: 1TV
