KnowYourCountry

🌍 𝗚𝗲𝗼𝗿𝗴𝗶𝗮 𝗠𝗮𝗸𝗲𝘀 𝗦𝘁𝗿𝗶𝗱𝗲𝘀 𝗶𝗻 𝗔𝗠𝗟 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲—𝗕𝘂𝘁 𝗧𝗵𝗲𝗿𝗲’𝘀 𝗠𝗼𝗿𝗲 𝗪𝗼𝗿𝗸 𝗔𝗵𝗲𝗮𝗱. MONEYVAL, the Council of Europe’s anti-money laundering body, released its latest follow-up report on Georgia, highlighting key progress in combating money laundering and terrorist financing. The good news? Georgia’s efforts to address deficiencies flagged in its 2020 Mutual Evaluation Report are paying off. Recent amendments to its AML legislation—particularly those focused on risk assessment and virtual asset service providers (VASPs)—have boosted its compliance ratings. Specifically, two FATF recommendations (on risk assessment and new technologies) have improved from “partially compliant” to “largely compliant.” 🏆 But there’s still ground to cover: 📊 𝗢𝘂𝘁 𝗼𝗳 𝗙𝗔𝗧𝗙’𝘀 40 𝗿𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝘀, 𝗚𝗲𝗼𝗿𝗴𝗶𝗮 𝗶𝘀 𝗿𝗮𝘁𝗲𝗱: • Compliant on 7 • Largely compliant on 24 • Partially compliant on 8 • Non-compliant on 1 (related to non-profit organizations) Georgia remains under enhanced follow-up and is expected to report on its broader progress within a year. Additionally, MONEYVAL is keeping a close eye on Georgia’s work to implement FATF Recommendation 6 (targeted financial sanctions for terrorist financing), with an update due at the June 2025 plenary. While these steps are promising, this report serves as a reminder that effective AML/CFT measures are an ongoing journey—not a destination. Georgia is showing determination, but full compliance will require sustained effort. 💡 💬 What do you think about Georgia’s progress in tackling financial crime? 👉 Read the full report here: https://lnkd.in/gAZSjF_Q #AML #CFT #FinancialCrime #MONEYVAL #FATF #Compliance #RiskAssessment #VASPs #AntiMoneyLaundering #TerroristFinancing #Regulation #Transparency #GlobalStandards #FinancialIntegrity

𝗧𝗼 𝘀𝗽𝗿𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝗲𝘀𝘁𝗶𝘃𝗲 𝘀𝗽𝗶𝗿𝗶𝘁, #KnowYourCountry 𝗮𝗿𝗲 𝗼𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗰𝗵𝗮𝗻𝗰𝗲 𝘁𝗼 𝘄𝗶𝗻 3-𝗺𝗼𝗻𝘁𝗵𝘀 𝗳𝗿𝗲𝗲 𝗮𝗰𝗰𝗲𝘀𝘀! Complete your details in the form below to be notified if you're the lucky winner. 👉 Entry form: https://lnkd.in/eYTeQsD7 The winner will be drawn in January 2025. #AML #CFT #FinancialCrime #RiskReporting #MoneyLaundering #Raffle #Win

𝗖𝗿𝗼𝗮𝘁𝗶𝗮 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝘀 𝗶𝘁𝘀 𝗔𝗠𝗟/𝗖𝗙𝗧 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸, 𝗯𝘂𝘁 𝘁𝗵𝗲𝗿𝗲’𝘀 𝘀𝘁𝗶𝗹𝗹 𝘄𝗼𝗿𝗸 𝘁𝗼 𝗱𝗼. 💼 MONEYVAL’s 2nd Enhanced Follow-up Report, highlights Croatia’s significant strides in fighting money laundering and terrorist financing. ✅ Key areas of progress: • Improved adherence to FATF Recommendations on risk assessment, national cooperation, and targeted financial sanctions. 📊 • Enhanced focus on internal controls, statistics, and international cooperation to combat financial crime. 🌍 Since December 2021, Croatia has made notable improvements, with most of the 40 FATF Recommendations now rated as compliant or largely compliant. 🏆 However, areas like risk assessment and cooperation still show minor deficiencies, while issues around non-profit organizations and legal transparency remain outside this review’s scope. 🔑 Next steps? Ensuring further progress over the next year to close these remaining gaps and strengthen real-world implementation. #KnowYourCountry #AML #CFT #FinancialCrime #Compliance #RiskAssessment #MONEYVAL #FATF #AntiMoneyLaundering #TerroristFinancing #Regulation #FinancialIntegrity

🎄 𝗔 𝗛𝗼-𝗛𝗼-𝗪𝗵𝗼𝗹𝗲 𝗹𝗼𝘁 𝗼𝗳 𝗔𝗠𝗟 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲. What’s in your Christmas stocking? If you’re lucky, it could be free access to KnowYourCountry! Get involved with this year’s Christmas raffle to be in with a chance of winning 3-months free access to our Professional Plus plan. Just follow the link below to enter – it takes less than 30 seconds. From the entire team at KnowYourCountry, we wish you all a wonderful festive period – best of luck in the raffle! https://lnkd.in/eYTeQsD7 #KnowYourCountry #AML #CFT #Christmas #Raffle #Compliance #MoneyLaundering #CountryRisk #RiskAssessments

🎄 𝗔 𝗛𝗼-𝗛𝗼-𝗪𝗵𝗼𝗹𝗲 𝗹𝗼𝘁 𝗼𝗳 𝗔𝗠𝗟 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲. What’s in your Christmas stocking? If you’re lucky, it could be free access to KnowYourCountry! Get involved with this year’s Christmas raffle to be in with a chance of winning 3-months free access to our Professional Plus plan. Just follow the link below to enter – it takes less than 30 seconds. From the entire team at KnowYourCountry, we wish you all a wonderful festive period – best of luck in the raffle! https://lnkd.in/eYTeQsD7 #KnowYourCountry #AML #CFT #Christmas #Raffle #Compliance #MoneyLaundering #CountryRisk #RiskAssessments

🌍 𝗠𝗼𝗻𝗮𝗰𝗼 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝘀 𝗜𝘁𝘀 𝗙𝗶𝗴𝗵𝘁 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝗠𝗼𝗻𝗲𝘆 𝗟𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝗮𝗻𝗱 𝗧𝗲𝗿𝗿𝗼𝗿𝗶𝘀𝗺 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴. Monaco has made significant progress in aligning its measures against money laundering and terrorism financing with the FATF standards. Recent updates from MONEYVAL, the Council of Europe’s AML/CFT evaluation body, highlight the principality’s efforts since its 2022 evaluation report. ✅ 𝗞𝗲𝘆 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁𝘀: Monaco has taken steps to address technical compliance across various FATF Recommendations, including: • 𝗖𝗼𝗻𝗳𝗶𝘀𝗰𝗮𝘁𝗶𝗼𝗻 & 𝘀𝗮𝗻𝗰𝘁𝗶𝗼𝗻𝘀: Strengthened measures for provisional actions and targeted financial sanctions related to terrorism and proliferation. • 𝗡𝗼𝗻-𝗽𝗿𝗼𝗳𝗶𝘁 𝘀𝗲𝗰𝘁𝗼𝗿 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻: Enhanced oversight to prevent misuse for illicit activities. • 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗼𝗳 𝗣𝗘𝗣𝘀: Improved financial transparency for politically exposed persons. • 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻: Increased supervision and enforcement powers for financial and non-financial businesses. • 𝗟𝗲𝗴𝗮𝗹 & 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗿𝗲𝗳𝗼𝗿𝗺𝘀: Improved guidance, feedback, and mutual legal assistance mechanisms. 🏁 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲𝘀: • Fully compliant with 7 FATF Recommendations. • Largely compliant with 32 out of 40 Recommendations. • Minor deficiencies remain in 32 areas, with Recommendation 15 on new technologies rated as partially compliant (pending reassessment). • No recommendations are rated as non-compliant. While these achievements focus on legislative and regulatory frameworks, practical implementation will be assessed in the future. Monaco plans to submit a progress report to MONEYVAL in three years to further strengthen its AML/CFT measures. This progress underscores Monaco’s commitment to combatting financial crime on a global scale—a solid step forward in fostering transparency and integrity in the international financial system. 👉 How do you see such developments influencing global financial practices? Share your thoughts below! #AML #FinancialCrime #Compliance #MONEYVAL #FATF #AntiMoneyLaundering #TerrorismFinancing #RiskManagement #FinancialTransparency #GlobalStandards #RegTech #Governance #Monaco #FinancialIntegrity

A massive thank you to all those who participated in our competition at this year’s AML & FinCrime Tech Forum, the nail-biting wait is over…THE RESULTS ARE IN 🎉 Congratulations to the winner: Nataliya (Kozachenko) Johnson We'll be in touch soon to organise your access! #AMLTechForum2024 #AML #CFT #RegTech #FinTech #CountryRisk

Thank you Anna Stylianou! The assessment of a country’s unique risk profile is a complex but important task. This is why – as mentioned – organisations must rely on robust methodologies, relevant and real-time data, with the ability to justify their assessment. No organisation is the same, so why should their view of a country’s risk profile be either? With reports on over 240 jurisdictions covering risks relating to AML, terror financing, sanctions, bribery & corruption, the investment climate, and many more key areas, #KnowYourCountry is a leading source of knowledge to protect your business and its customers not only from financial crime, but also regulatory non-compliance. 👉 https://lnkd.in/exUktXQv #AML #CFT #financialcrime #regulation #countryrisk #riskassessments

Helen Hatton highlights how #KnowYourCountry saves its clients the headache surrounding jurisdictional risk reporting! #AML #CFT #jurisdictionalrisk #countryrisk #riskreporting #financialcrime

Meet our bronze sponsors at the AML & FinCrime Tech Forum, KnowYourCountry! Come join them at booth 2 to chat with some of the leading innovators in the AML tech industry! KnowYourCountry is a Global Anti-Money Laundering research tool used by Financial Institutions, Regulators, Government Agencies and Educational Establishments throughout the world. It has been designed to help those needing to understand the risks posed when dealing with foreign clients or transactions during the course of their business. Gary Youinou Edmund Hatton #AMLTechForum24 #AML #RegTech