In the global financial system, a robust Anti-Money Laundering (AML) program is not a feature; it is the bedrock of legitimacy. For businesses in the virtual asset space, proving your commitment to combating financial crime is the single most important factor in gaining the trust of regulators, banking partners, and institutional clients. A failure in AML or Know-Your-Customer (KYC) compliance is not merely a regulatory breach—it is a catastrophic business risk that can lead to license revocation, crippling fines, and irreparable reputational damage. Legal Sandbox Georgia provides expert legal services to architect a formidable compliance framework, transforming your regulatory obligations into a demonstrable cornerstone of your operational integrity.
Our advisory is grounded in a mastery of both local and global standards, including the requirements of the National Bank of Georgia (NBG) for Virtual Asset Service Providers (VASPs) and the recommendations of the Financial Action Task Force (FATF), such as the crucial “Travel Rule.” The practical core of our service is developing a bespoke, risk-based AML/CFT program. This process begins with a comprehensive risk assessment of your business and continues with drafting a core AML/CFT policy that serves as the guiding document for your organization. We then help you implement effective KYC and Customer Due Diligence (CDD) procedures, including tiered verification levels, screening for Politically Exposed Persons (PEPs), and establishing Enhanced Due Diligence (EDD) protocols for high-risk clients.
Furthermore, we advise on establishing an effective transaction monitoring system to detect and report suspicious activity to Georgia’s Financial Monitoring Service as required by law. To foster a culture of compliance, we develop employee training programs and recommend periodic independent audits of your AML system to identify and rectify weaknesses before they become regulatory problems. An impeccable AML/KYC framework is your passport to the mainstream financial world, enabling you to secure stable banking relationships, attract institutional investment, and build a brand that is synonymous with security and trust.
