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Tag Archives: Money Laundering

Security Features on Georgian Currency Notes to avoid Money Laundering

Security Features on Georgian Currency Notes to avoid Money Laundering

Georgian Lari (GEL) is the only legal tender in the country. “Lari” is the old Georgian word meaning treasure and property. “Tetri” is one-hundredth part of Georgian Lari. Since 1995, 1, 2, 10, 20, 50 and 100 lari denominated banknotes were in circulation within the country adding 1, 2, 5, 10, 20, and …

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Investments Flow in Georgia from Offshore Zones

Investments Flow in Georgia from Offshore Zones

Institute for Development of Freedom of Information (IDFI) published research about offshore companies in Georgia. The activities of legal entities registered at offshore zones in Georgia is permitted and it does not contradict the legislation. “Nevertheless, the activities of such companies carry risks. As it turns out, there are number …

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Former IMF Chief Rato Faces Spain Money Laundering Probe

Former IMF Chief Rato Faces Spain Money Laundering Probe

Rodrigo Rato, the former head of the International Monetary Fund and deputy prime minister of Spain, was detained by customs agents in Madrid on Thursday night as the tide of corruption allegations swamping the country’s political establishment reached a fresh high. Rato, 66, is being investigated for possible money laundering …

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