The National Bank of Georgia (NBG) has confirmed its active cooperation with law enforcement in a large-scale money laundering investigation involving over USD 624 million and EUR 35 million in illegal proceeds between 2022 and 2024.

In a statement, the NBG emphasized that it provided all requested information promptly and implemented supervisory measures in line with legal procedures. The Bank continues to oversee currency exchange points to prevent money laundering, terrorism financing, and to ensure compliance with international sanctions.

The NBG noted that Georgia’s financial sector supervision meets international standards and is regularly praised by global bodies such as the Council of Europe’s MONEYVAL committee. One individual has been arrested so far in the ongoing investigation led by the Prosecutor’s Office and the State Security Service.