Acting National Bank Governor: Georgia will “never become platform” for evading int’l sanctions
The two-day training aimed to share knowledge and experience for ensuring “maximum compliance” with international sanctions and featured “high-ranking” foreign speakers, the Bank said. Photo: NBG
Tweet 
Share
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Tuesday said the country would “never become a platform” for evading the international sanctions imposed on Russia for its invasion of Ukraine.
The National Bank said Turnava featured in an event on international sanctions risk management, organised by consulting company EDDWISE, where she said the NBG was using “all resources” to fulfil requirements of international sanctions.
The NBG is closely working with the European Union, the Office of Foreign Assets Control and other international donor organisations to receive advice on specific issues and sanctions-related issues”, Turnava said.
Sharing experience with invited experts in sanctions enforcement and risk management is important, and I believe today's event is special. It will play a role in terms of sharing experience”, she added.
Turnava also highlighted the NBG’s mechanisms for advanced sanctions enforcement management, methodology and monitoring systems for the fulfilment of international sanctions requirements, which she said were valid even during remote and physical inspections of banks.
The two-day training aimed to share knowledge and experience for ensuring “maximum compliance” with international sanctions and featured “high-ranking” foreign speakers, the Bank said.
Natia Turnava, the Acting President of the National Bank of Georgia, on Tuesday told local channel PalitraNews TV that the country, its central bank and the financial system had “always been” and would remain loyal to international sanctions.
Natia Turnava, the Acting President of the National Bank of Georgia, on Saturday said Georgia “has been and will remain committed to” the international sanctions imposed on Russia for its invasion of Ukraine, and noted the country constantly ensured the improvement of the sanctions enforcement mechanism.
Natia Turnava, the Acting President of the National Bank of Georgia, on Wednesday said the new amendments in the regulation on the body’s compliance with the international financial sanctions against Russia for its invasion of Ukraine were "not aimed at protection of specific names".
Levan Davitashvili, the Georgian Economy Minister, on Wednesday said the country was part of “all international decisions on the sanctions” imposed by the international community against Russia due to its invasion of Ukraine, and adhered to the agreements with Georgia’s international partners.
The Monetary Policy and Financial Stability committees of the National Bank of Georgia met on Wednesday to discuss mitigating impacts of international financial circumstances on the domestic economy.
Customers of commercial banks, microbanks, registered payment service providers and microfinance organisations operating in Georgia will be able to file complaints on services or violations with the Dispute Resolution Commission of the National Bank of Georgia, with the body set to launch its operations on December 1.
Georgian Finance Minister Lasha Khutsishvili on Friday said “many cases” of “disinformation” and “fake news” on enforcement in Georgia of the international sanctions imposed on Russia for its invasion of Ukraine had been observed over the past year.
The Revenue Service of the Ministry of Finance on Thursday said “no specific facts” had been presented by senators Ron Johnson and Richard Blumenthal to the United States Senate Committee on Homeland Security and Governmental Affairs to confirm claims of violations of international sanctions imposed on Russia through Georgian territory.