Within the framework of his visit in the USA Roman Gotsiridze, President of the National Bank of Georgia met with the authorities of the Federal Reserve System of the United States of America. Roman Gotsiridze put forward the issue of illegal cooperation of Russian commercial banks with credit institutions functioning in Russia. Officials of the Supervision, Legal and International Finance Departments attended the meeting.   President of the National Bank of Georgia mentioned, that so called Abkhazian banking system is functioning absolutely independently and ignores all the rules and norms defined by the Georgian legislation, in particular: licensing and inspecting of the banks, supervisory norms, legalization of illicit income and principles confronting financing terrorism. According to the international legislation, Abkhazian banks functioning without the license of the National Bank of Georgia and not observing the Georgian legislation are considered as illegitimate structures.   Roman Gotsiridze informed the representatives of the Federal Reserve System about the official appeal of Zurab Noghaideli, the Prime Minister of Georgia, which was sent to “G-7” and other leading countries Ministries of Finances and the central banks. In his appeal the Prime Minister expressed his disturbance about the illegal activities of Russian banks in Abkhazia.  In this document Zurab Noghaideli asked the Ministers of Finances and the Governors of central banks to apply sanctions against the banks cooperating with so-called banking institutions functioning in Abkhazia.   According to the information of the National Bank of Georgia so called banks of Abkhazia have close businesslike relationships with the financial structures of the Russian Federation. By their active support they can easily provide any kind of service to clients (including international transactions) without delays and control.   Representatives of US Federal Reserve System well realized the information provided by the President of NBG. Roman Gotsiridze familiarized his American colleagues with the list of Russian banks cooperating with so-called Abkhazian banking system. It was stressed during the meeting, that the banks are functioning without any license i.e. illegally in Abkhazia. So, carrying out correspondent relations with them contradicts the International norms and the Basel Committee Core Principles for Effective Banking Supervision. As for Russian banks, while cooperating with so called banking structures of Abkhazia, they violate international legal norms and create a suspicious reputation for themselves. Activities of such Russian banks will be paid a due attention by the US banking system – it was said during the meeting.   It was also stressed, that it is necessary to put forward the issue at the Federal System of the deposit insurance of USA, where the “Unfair List” of the banks facilitating money laundering is determined. This issue will also be discussed at the Supervising Department of US Treasury in order to make a deep study of the problem of so-called Abkhazian banking system cooperation with Russian banks.   Besides the Federal Reserve System of USA, the National Bank of Georgia discussed the above-mentioned issue with the United States Department of the Treasury.   The list of Russian Federation banks having correspondent relationships with Abkhazian banks:   ·  “SDM-Babk” – Moscow, Russian Federation   ·  “Russlavbank” – Moscow, Russian Federation   ·  “Kubantorgbank” – Krasnodar, Russian Federation   ·  “Novosibirskvneshtorgbank” – Novosibirsk, Russian Federation   ·  “Bank Moskva” – Moscow, Russian Federation   ·  “VIP-Bank” – Moscow, Russian Federation   ·  "Evroprominvest" – Moscow, Russian Federation   ·  “Kraiinvestbank” OAO – Krasnodar, Russian Federation   ·  OOO KIIB "Sochi" – Sochi, Russian Federation   ·  “Mezhprombank” – Moscow, Russian Federation   ·  “Svyaz-bank” – Moscow, Russian Federation     The list of Russian Federation banks providing services to Abkhazian State and commercial structures:   ·  “Donbank”  – Rostov-on-Don, Russian Federation   ·  «Vneshagrobank»  – Kolomna, Russian Federation  ·  “City Bank” – Moscow, Russian Federation   ·  “Urals Commercial Bank for Foreign Trade”  – Ekaterinburg, Russian Federation   ·  “Yugbank” – Krasnodar, Russian Federation   ·  “Moskomprivatbank”– Sochi, Russian Federation   ·  MKB “Moscowprivatbank” – Moscow, Russian Federation   ·  “Southwest Bank” SB  – Rostov, Russian Federation   ·  A/S Nordvestbank  – St. Petersburg, Russian Federation   ·  “Nord-Kaukasus Bank” – Stavropol, Russian Federation   ·  Bank "North Treasury"– Ekaterinburg, Russian Federation   ·  “Svyaz-bank” – Moscow, Russian Federation   ·  “Uniastrum Bank” – Moscow, Russian Federation   ·  “Rosbusiness Bank” – Moscow, Russian Federation   ·  “Aton bank” – Moscow, Russian Federation   ·  “Mezhprombank” – Moscow, Russian Federation   ·  “Kavkazpromstroybank” – Cherkessk, Russian Federation   ·  KB “Smolensky Ban”  –  Smolensk, Russian Federation   ·  “Savings Bank of the Russian Federation”   ·  “Novokuzneck Municipal Bank” – Novokuzneck, Russian Federation   ·  “International Industrial Bank” – Russian Federation   ·  “Elitbank” – Russian Federation   ·  “Savings Bank of the Russian Federation Zapadno–Uralsky bank” – Perm   ·  “Alfa-Bank” – Moscow   ·  “Bank Moskvi”  – Moscow   ·  “MDM Bank” – Moscow   ·  “Rossbank” – Moscow   ·  “International Moscow Bank” – Moscow   ·  “Promsvyazbank” – Moscow   ·  “Rosselkhozbank” – Moscow   ·  “Vozrozhdenie Bank”   ·  “Evrazbank” – Nemchinovka-1   ·  “Bank Center” – Rostov-on-Don   The Prime Minister of Georgia, Zurab Noghaideli sent an official appeal to “G-7” and other leading countries’ Ministries of Finance and central banks. In his appeal the Prime Minister expressed his disturbance about the illegal activities of Russian banks in Abkhazia.  In this document Zurab Noghaideli asked the Ministers of Finances and the Governors of central banks of the leading countries to apply relevant sanctions against the banks cooperating with so-called banking institutions functioning in Abkhazia.