The financial and fintech sectors in Georgia are developing rapidly, while regulatory requirements are becoming increasingly strict and complex. Based on recent practice, we have highlighted 5 key issues that companies should pay close attention to:
1️⃣ Real-time Transaction Monitoring — Implementing a Risk-Based Approach (RBA) for both blockchain and fiat transfers.
2️⃣ Sanctions Screening — Automatic and continuous updates of global and local sanction lists.
3️⃣ KYC/KYB and Liveness Verification — Compliance with modern standards for remote customer identification.
4️⃣ Adaptation of Internal Policies and Procedures — Timely updates of internal control mechanisms alongside changes in regulations.
5️⃣ IT and Legal Synergy — Accurately transforming legal requirements into software algorithms.
💡 At LC HUB, we combine AML, legal, and IT expertise to transform the compliance process from a hindering barrier into a reliable support system for your business growth.
👉 Which challenge is most relevant to your organization today? Share with us in the comments!