According to the National Bank of Georgia, former Prosecutor General Otar Partskhaladze's access to bank assets and financial transactions has been restricted.

As IPN was told by the National Bank, the sanctioned person is restricted from disposing of funds, as well as the possibility of carrying out all kinds of financial operations.

"As it is known, from February 26, 2022, according to the instructions of the National Bank of Georgia, the financial institutions of Georgia are fully operating in accordance with the financial sanctions imposed by the USA, the European Union and Great Britain against the Russian Federation. In order to define uniform approaches to the implementation of sanctions requirements and the implementation of relevant control mechanisms, the order of the President of the National Bank of Georgia No. 208/04 of August 4, 2023 approved the "Rules for the implementation of sanctions regimes by accountable persons under the supervision of the National Bank of Georgia".

In accordance with the above-mentioned instruction and rule, the financial sector of Georgia was instructed, among other things, to take into account the requirements set by the US Treasury's Office of Foreign Assets Control (OFAC) in relation to the persons included in the list of sanctioned persons (SDN list), which implies restricting access to assets and financial transactions for sanctioned persons. The sanctioned person is restricted both in the disposal of funds and the possibility of carrying out all kinds of financial operations.

We remind you that the Georgian financial sector operates in full compliance with the requirements stipulated by the sanctions regimes. In order to comply with financial sanctions, a special department has been created in the National Bank, which supervises/monitors the said process. It should be noted that international organizations positively evaluate the steps taken by the National Bank in this direction", reads the statement.