Natia Turnava, the Acting President of the National Bank of Georgia (NBG), partook in an event focused on international sanctions risk management organized by the consulting company EDDWISE.
During her address, Turnava highlighted that the Central Bank is dedicated to utilizing all available resources to meet the requirements of international sanctions. She emphasized that the Georgian financial sector is committed to not serving as a platform for evading sanctions.
“The NBG maintains close collaboration with the European Union, OFAC, and other international donor organizations to seek advice on specific issues and receive guidance on sanctions matters. Collaborating with experts in the field is crucial for sharing experiences in sanctions enforcement and risk management. I am confident that today’s event will play a pivotal role in facilitating this exchange of knowledge,” stated Natia Turnava.
In her speech, the NBG Acting President also focused on the advanced mechanisms for sanctions enforcement management developed by the National Bank, the methodology of international sanctions compliance and monitoring systems operating during remote and physical inspections of banks.
The EDDWISE-organized event aims to promote knowledge sharing and experiences to ensure maximum compliance with international sanctions.