Advance Training on Anti-Money Laundering (AML), Legalization of Illegal Income and Cryptocurrencies in Tbilisi, Georgia

 

EU-ACT Georgia, in conjunction with the Prosecutor’s Office of Georgia, has organised an Advance Training on Anti-Money Laundering (AML) issues, Legalization of Illegal Income and Cryptocurrencies on 17-20 May in Tbilisi. The training was delivered by Alex Florenta, EU-ACT expert, Senior Prosecutor of the Technical and Forensic Department of the Directorate for Investigating Organized Crime and Terrorism (DIICOT) of Romania.

The training addressed topics as follows: Definition of terms and global landscape of cryptocurrencies, money laundering and legalization of illegal income, legal and illegal use of cryptocurrencies, risks related to cryptocurrencies in relation with the drug trade, money laundering and corruption; international cooperation and the role of Financial Intelligence Unit (FIUs) in the EU Members States, search and seizure of cryptocurrencies and freeze of assets. On the last day of the training, the Non-Key Expert of the EU-ACT project also discussed possible counter-measures for the law enforcement agencies.

 Georgian prosecutors, analysts of the Financial Monitoring Service (FMS), police officers and investigators of the Central Criminal Police Department of the Ministry of Internal Affairs and the Financial Investigation Service (FIS) of the Ministry of Finance have attended the course.

On the final day of the event, EU-ACT Regional Coordinator and Local Expert have handed over the certificates to the participants of the training.