{"id":3851,"date":"2020-02-25T12:51:49","date_gmt":"2020-02-25T12:51:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=3851"},"modified":"2026-04-24T07:34:50","modified_gmt":"2026-04-24T10:34:50","slug":"georgia-money-laundering-gambling","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/georgia-money-laundering-gambling","title":{"rendered":"Georgia aims to reduce money laundering risks"},"content":{"rendered":"\n<p>The Ministry of Finance from Georgia has presented a new initiative to reduce money laundering risks related to gambling.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Georgia.- Ivane Matchavariani, minister of Finance from Georgia, presented an initiative last week that aims to reduce money laundering risks related to gambling in the territory. He says that it is important to set new regulations in the sector.<\/p>\n\n\n\n<p>The minister said that this initiative includes implementing a new system for the registration and verification of player identification in Georgia. It also aims to create a list of people addicted to gambling and control funds movement through identified channels.<\/p>\n\n\n\n<p>Marchavariani said that the regulation of the gambling sector is important as it\u2019s vulnerable to being used in money laundering schemes. The initiative would help Georgia fight illegal activity in the country.<\/p>\n\n\n\n<p>\u201cThere are many examples in the world when an incorrectly regulated gambling sector did more harm to society, and [can give rise to] illegal activity\u2026 That is why it is important to find the golden average of the regulation that achieves goals and avoids negative factors such as criminal growth,\u201d said Matchavariani.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Gambling advertising is not permitted on the first channel<\/strong><\/h4>\n\n\n\n<p>The\u00a0<strong><em>Georgian Public Broadcasting<\/em><\/strong>\u00a0is no longer accepting gambling advertising on the first channel. This\u00a0<a href=\"https:\/\/focusgn.com\/georgia-first-channel-gambling\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><em>decision<\/em><\/strong><\/a>\u00a0took effect on January 1, with the goal to meet the requirements of society, to promote the promotion of a \u201chealthy lifestyle.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance from Georgia has presented a new initiative to reduce money laundering risks related to gambling.<\/p>\n","protected":false},"author":2,"featured_media":3854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Georgia's Ministry of Finance has introduced a regulatory initiative aimed at mitigating money laundering risks within its iGaming sector. The proposal includes enhanced player identification and verification systems, a problem gambler registry, and stricter fund movement controls, underscoring the government's commitment to robust governance frameworks and combating illicit financial flows. Concurrently, Georgian Public Broadcasting has ceased gambling advertising on its primary channel, reflecting broader societal and regulatory pressures for responsible gambling promotion.","focusai_entities":"Ministry of Finance (Georgia), Ivane Matchavariani, Georgian Public Broadcasting","focusai_location":"Georgia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), affiliate_publisher (0.7), product_ux (0.8), tech_data (0.8), marketing_crm (0.7), payments_fraud_aml (1.0), investor_analyst (0.8), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"AML Framework Impact","query":"How will the proposed player identification and fund movement controls specifically integrate with existing AML governance frameworks for licensed operators in Georgia, and what is the projected timeline for implementation?"},{"label":"Operational Cost Implications","query":"What are the estimated incremental operational costs for iGaming operators in Georgia to comply with the new player verification and problem gambler registry requirements, and how might this affect market competitiveness?"}],"footnotes":""},"categories":[16331,439],"tags":[337],"class_list":["post-3851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-legal-news","tag-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3851"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3851\/revisions"}],"predecessor-version":[{"id":777017506,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3851\/revisions\/777017506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3854"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}