Russia's Sberbank Money Transfer Service Under Scrutiny in Georgia for Sanction Evasion
The National Bank of Georgia is currently investigating the introduction of a money transfer service to Georgian accounts within the Russian Sberbank.
In response to media reports regarding the initiation of transfers from accounts held by the sanctioned Russian Sberbank to Georgian banks, the National Bank issued a statement acknowledging the information. The regulator expressed its commitment to conducting further analysis of the situation.
Emphasizing adherence to the sanctions imposed by the United States, European Union, and United Kingdom against Russia and Belarus, Georgia's financial sector remains vigilant in enforcing regulatory measures.
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