Financial Penalty of 2,000 (two thousand) Lari was imposed on Loan Issuing Entity for 1 (one) case of failure to submit correct information to the Inspection group of the National Bank of Georgia during inspection, which In accordance with article 2¹, paragraph 3, sub-paragraph "N" of the "Rules for Determining, Imposing and Enforcing the Amount of Monetary Fines for Loan Issuing Entities" approved by Order No. 218/04 of the President of the National Bank of Georgia dated September 27, 2018, it envisages fine of - 2,000 Gel for each case, In total- 2,000 lari (two thousand) GEL.

The software (electronic) system implemented in the organization operates with significant faults. In particular, it does not have the ability to detect suspicious, unusual, related (disjointed) transactions, which According to Article 2¹, paragraph 2, subparagraph “e” of the “Rules for Determining, Imposing and Enforcing the Amount of a Monetary Fine for a Lending entity” approved by the Order No. 218/04 of the President of the National Bank of Georgia of September 27, 2018 envisages fine of - 15,000 Gel (fifteen thousand) GEL.

Two case of failure to provide accurate information (Money Laundering and Terrorist Financing Risk Supervision Report) to the National Bank of Georgia by the Loan Issuing Entity, which In accordance with article 2¹, paragraph 4, sub-paragraph "g" of the "Rules for Determining, Imposing and Enforcing the Amount of Monetary Fines for Loan Issuing Entities" approved by Order No. 218/04 of the President of the National Bank of Georgia dated September 27, 2018, it envisages fine of - 1,000 Gel for each case, In total- 2 000 lari (two thousand) GEL.

In total Loan Issuing Entity LTD “FLEXI CAPITAL” (Identification number 406443415) was fined with 19 000 (nineteen Thousand) lari.