Financial Crime World

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Assessment of Georgia’s Compliance with United Nations Security Council Resolutions

Georgia’s compliance with certain United Nations Security Council (UNSC) resolutions related to counter-terrorism financing and sanctions designations has been assessed. Based on available information, here are some observations and findings.

Compliance with UNSCR 1267/1989

  • Georgia has established the Commission as the competent authority for designating persons or entities under UNSCR 1267/1989.
  • The Commission follows procedures and uses standard forms for listing, as adopted by the respective UNSCR.

Compliance with UNSCR 1373

  • Georgia has identified the Commission as the competent authority responsible for designating persons or entities under UNSCR 1373.
  • The Commission has a mechanism in place to identify targets for designation and applies an evidentiary standard of proof of “reasonable suspicion” when deciding whether or not to designate a person.

Cooperation with Other Authorities

  • The Commission cooperates and exchanges information with competent authorities and international organizations.
  • It operates ex-parte when proposing designations to the respective UNSC Committee.

Implementation of the Task Force

  • Georgia has implemented the Task Force operating under the Commission, which collects, processes, and disseminates information required for performing the Committee’s functions.

Areas Requiring Further Review

However, there are some areas that require further review to provide a more comprehensive assessment:

  • The process for ensuring that designations are made in a timely manner
  • The procedures for reviewing and updating existing designations
  • The mechanisms for protecting the rights of individuals or entities subject to designation