The blacklisted former owners of a Tbilisi-based bank are seeking to reclaim the company they once lost control over in the wake of U.S. allegations that they had aided Iran.
The U.S. Treasury Department Thursday accused the owners of a Georgian bank and more than a dozen others of secretly helping Iran and Syria skirt economic sanctions.
The OECD says Portugal needs to better enforce its anti-bribery laws, the U.S. Treasury Department voices concerns about Iranian investments in Georgia, and more, in this week's news roundup.
Awareness of anti-money laundering (AML) responsibilities is low among government authorities and nonbank financial institutions in Turkey and Georgia, according to reports by two international groups focused on global AML standards.
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