According to the amendment project, the National Assembly of Georgia wants to tighten the law on money laundering.
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Money laundering will be the legalization of illegal income and the use/possession of property obtained through the legalization of illicit income or crime.
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Financial institutions, commercial and non-commercial organizations will regularly consider the risks associated with money laundering and terrorist financing.
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Control over politically active individuals, who are subject to unique control, will be strengthened.
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Civilian wives of officials, deputies, ministers, judges, diplomats, members of their parties, business partners, and those with social or political contacts will also come under the spotlight.
