Monetary Fine Was Imposed On Currency Exchange Operator – Individual Entrepreneur „Irakli Vadaqaria” (P/N 19001014630)

    Monetary Fine Was Imposed On Currency Exchange Operator – Individual Entrepreneur Irakli Vadaqaria” (P/N 19001014630)


    A Penalty of 3 000 (Three thousand) GEL was imposed on Currency Exchange Operator for failure to execute requirements of the Article 29 paragraph 1 and 2 of the Law of Georgia “on Facilitating the Suppression of Money Laundering and Terrorism Financing”, which according to the Article 3, paragraph 3, point “i” of the Rule Approved by the Decree N17/04 (a version after amendment made on April 6, 2021) of the President of the National Bank of Georgia on February 5, 2020 “On Determining, imposing and enforcing of the fines to the Currency Exchange bureau and its administrators” envisages a Fine of 3 000 (Three thousand) GEL.


    Currency Exchange Operator – Individual Entrepreneur “Irakli Vadaqaria” (P/N 19001014630) was fined with total amount of 3 000 GEL.