The National Bank of Georgia (NBG) has issued a statement asserting that there is no valid reason to disconnect the Georgian financial system from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
The NBG statement emphasises that Georgia’s banking and financial sector steadfastly complies with both national legislation and international sanctions regimes.
“The National Bank of Georgia continuously conducts rigorous supervision, both through on-site inspections and remote monitoring. Our foreign partners have consistently recognised the sector’s full adherence to sanctions and international standards. The compliance level within Georgia’s financial system regarding anti-money laundering measures is notably high, as confirmed by assessments from the Council of Europe’s MONEYVAL committee.
Furthermore, the National Bank’s ongoing efforts to align Georgia’s financial legislation with European regulations have consistently received positive recognition. The system is exceptionally transparent, fostering increasing investor confidence. Based on these factors, we firmly state that there is no justification for disconnecting the Georgian financial system from SWIFT,” the National Bank of Georgia declared.
