A three day Seminar on the Prevention of Money Laundering has started at The National Bank of Georgia. It is lead by Prof. Roger Claessens, the Expert of Luxembourg Financial Technology Transfer Agency. Seminar is intended for high and mid level managers of NBG, Financial Monitoring Service and commercial banks.

Seminar was opened by the presentation of Mr. Roger Claessens - "Know Your Customer Policy", which will help Georgian bankers to obtain the information about their clients and use the methods to analyze the obtained information. Second day of seminar will be dedicated to the principles and strategies of managing financial organization. Topics for the third day of seminar will be defined by the participants of seminar. They can choose from the issues given below: legal relationships, coordinated actions of internal and external audit, marketing and security. During the course of seminar the precedents of money laundering having place in Luxembourg, Georgia and other countries will be discussed.

ATTF - the Financial Technology Transfer Agency of Luxembourg was established in 1999 by the Ministry of Finance of Luxemburg, Central Bank of Luxembourg (BCL), Chamber of Commerce,  Financial Sector Supervisory Commission (CSSF), Institute for Training in Banking  (IFBL), Luxembourg  Banker' Association (ABBL), replaced in 2002 by the Federation of the Professionals of the Financial Sector (PROFIL) and Luxemburg University. Agencies is aimed at retraining the specialists of financial sector of Europe and Asia and sharing the experience of Luxembourg as of a financial centre. Seminar of May 5-7 is conducted by Roger Claessens, a highly skilled Economist, who has a big experience of working in the banks such as: Bank of America, Citigroup, Credit Lyonnais and others. Mr. Claessens is the author of three books which deal with money laundering, bank marketing and branch management. His fourth book shall be published during the current year and it will cover the issues of functioning of the bank.