FCHAIN Georgia Office informs:
Ani Papidze, Chief Accountant of FCHAIN Georgia Office attended online training “Prevention of money laundering and financing of terrorism”.
The training aimed to familiarize the trainees with the scope of activities of the Financial Action Task Force (FATF) and the importance of the involvement of an accountable person (including accounting firms) in the fight against money laundering.
According to the law, accountants and accounting companies engaged in outsourced accounting services are obliged to register in the register developed by the supervisory service. According to the fundamental principles of FATF, the accountant’s duty to prevent money laundering and financing of terrorism is consistent with their professional ethics principles – not to facilitate illegal activities and to report to the financial monitoring service a suspicious transaction or the preparation, conclusion or attempt to execute such a transaction.
