Loan Issuing Entity has not submitted the initial registration form to the Financial Monitoring Service of Georgia. The Loan Issuing Entity was registered at the National Bank of Georgia on August 24, 2021 with the registration No “სგს-0120232”. Under the article 1, paragraph 3 of the Order No. 1 of Head of Financial Monitoring Service of Georgia dated June 5, 2020 “On the Approval of Rules on Record–Keeping, Storage and Reporting the Information on the Transaction by Obliged Entities to Financial Monitoring Service of Georgia”, “an Obliged Entity that has commenced its activities after the entry into force of this Order, must submit the registration form to Financial Monitoring Service of Georgia within 10 days after obtaining a license, registration or permission from the supervisory authority“. In accordance with article 2¹, paragraph 2, sub-paragraph "a" of the "Rules for Determining, Imposing and Enforcing the Amount of Monetary Fine for Loan Issuing Entity" approved by Order No. 218/04 of the President of the National Bank of Georgia dated September 27, 2018, it envisages fine of 5,000 (five thousand) GEL.

During the inspection process, has been revealed 1 (one) case of incorrect submission of information by Loan Issuing Entity to the inspection group of the National Bank of Georgia, which in accordance with article 2¹, paragraph 3, sub-paragraph "n" of the "Rules for Determining, Imposing and Enforcing the Amount of Monetary Fine for Loan Issuing Entity" 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 (two thousand) GEL.

The organization does not have a software (electronic) system with AML/CFT functionality, which, according to article 2¹, paragraph 2, subparagraph “e” of the “Rules for Determining, Imposing and Enforcing the Amount of Monetary Fine for Loan Issuing Entity” approved by Order No. 218/04 of the President of the National Bank of Georgia dated September 27, 2018, it envisages fine of 15,000 (fifteen thousand) GEL.

1 (one) 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 Fine for Loan Issuing Entity" 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 – 1 000 (one thousand) GEL.

In total, Loan Issuing Entity LTD “Trust Capital” was fined with 23 000 (twenty three thousand) GEL.