ON THE IMPOSITION OF MONETARY FINE TO THE JSC “MICROFINANCE ORGANIZATION GIRO CREDIT ” (I.N 404876238)

A Financial Penalty of 2 000 (two thousand) Lari was imposed on the Microfinance Organization for 2 (two) cases of failure to report accurate information to the National Bank of Georgia under the provisions of the “Rules on filing and submitting illicit income legalization and Terrorism Financing Risk Supervision Reports by Microfinance organization”, which under the Article 3, Paragraph 4, sub-paragraph ‘d’ of the Rules “ On Determining the Penalty Amount, Imposition and Enforcement of Fines to the Microfinance Organizations and its Administrators” approved by the Decree of the President of the National Bank of Georgia on February 5, 2020 №16/04 ((Amended after April 3, 2021) envisages a fine of GEL 1 000 ( thousand) on each case of infringement, in total -2 000 lari.

In total JSC “Microfinance Organization Giro Credit” (I.N 404876238) was fined with 2 000 (two Thousand) lari.