Between 2022 and 2024, the National Bank of Georgia (NBG) carried out inspections at 461 currency exchange offices to ensure adherence to anti-money laundering and counter-terrorist financing laws, as well as compliance with regulations governing the registration and operation of these entities.

During this period, the NBG imposed fines totaling GEL 3,474,100 and deregistered nearly 100 currency exchange offices.

The Bank highlighted that under the Regulations on the Registration and Regulation of Currency Exchange Offices, it has the authority to refuse re-registration if an application is submitted by an authorized person from a previously deregistered office—provided the deregistration complied with regulatory requirements and less than two years have passed since cancellation.

Currently, there are 513 registered currency exchange offices operating across 721 locations nationwide, including branches, the National Bank reported.