Georgia Transfer Restrictions

[liroyb]

Are there any transfer restrictions to/from Georgia by correspondent banks due to the political situation there?

 

[JohnnyDoe]

Think carefully before dealing with any Georgian bank. Read this thread to get an idea of what can happen: https://www.offshorecorptalk.com/threads/terabank-georgia.35375/

 

[Martin Everson]

Are there any transfer restrictions to/from Georgia by correspondent banks due to the political situation there?

They maybe coming. The EU and US are upset at a democratic election result that didn't go in their favour so who knows what they might do next.

https://www.newsweek.com/us-government-sanctions-georgia-officials-visa-bans-1954627

 

[TRGali]

Are there any transfer restrictions to/from Georgia by correspondent banks due to the political situation there?

First, you will meet a lot of restrictions from your georgian bank. Transfers in/out outside Georgia will go through heavy scrutiny and easily refused if the monkey does not understand or simply is in a bad mood.

 

[liroyb]

Think carefully before dealing with any Georgian bank. Read this thread to get an idea of what can happen: https://www.offshorecorptalk.com/threads/terabank-georgia.35375/

I'm a client for over a year and have no complaints. I understand well that this is not exactly Switzerland or Singapore but for low 5 figures deposits as checking account they serve the purpose.