Georgia Country Summary

FATF Status

Georgia is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Georgia was undertaken in 2025. According to the follow-up Evaluation, Georgia was deemed Compliant for 7 and Largely Compliant for 24 of the FATF 40 Recommendations. It remains Highly effective for 0 and Substantially Effective for 2 of the Effectiveness ratings.

Georgia has established a legal framework to combat corruption, including laws against bribery and abuse of official powers, but challenges remain in effectively implementing these measures and addressing high-level corruption. The country faces significant issues with organized crime, human trafficking, and drug trafficking, while public trust in governance is low due to ongoing nepotism and corruption, despite efforts to improve international cooperation and anti-corruption initiatives.

Georgia's economy is characterized by a stable and open market that has shown resilience and growth, particularly in sectors like tourism and transportation. The country has recently achieved European Union candidate status, although its accession process has been complicated by political tensions and legislative actions perceived as undermining democratic values. Despite a generally favorable business climate and high rankings in transparency and economic freedom, challenges remain, including a significant drop in foreign direct investment due to concerns over political stability and judicial independence, which continue to affect investor confidence.