A total of 2 100 (two thousand one hundred) GEL was fined to the Currency Exchange Office LTD „SM SERVICE” (IDENTIFICATION NUMBER: 402060050)

As of the date of commencement of the inspection, has been revealed 1 (one) fact of delayed submission (up to 5 working days) of the transaction reports (CTR) defined by Article 6, Paragraph 4 of the “Rules for Recording, Storing and Submitting Information on Transactions by an Obliged Entity to the Financial Monitoring Service of Georgia” approved by Order № 1 of the Head of the Financial Monitoring Service of Georgia dated June 5, 2020, to the Financial Monitoring Service of Georgia, which, in accordance with Article 3, Paragraph 4, Subparagraph “a.a” of the “Rules for Determining, Imposing and Enforcing the Amount of Monetary Fines against Currency Exchange Offices and their Administrators” (hereinafter “Penalty Rules”) approved by Order № 17/04 of the President of the National Bank of Georgia dated February 5, 2020, it envisages a fine of 100 (one hundred) GEL for each violation, in total 100 (one hundred) GEL;

1 (one) case of failure to determine the essence of the client's activity, which, in accordance with Article 3, Paragraph 3, Subparagraph "t" of the Penalty Rules, it envisages a fine of 2,000 (two thousand) GEL in relation to each client, in total 2,000 (two thousand) GEL.