In accordance with Article 6, paragraph 1, subparagraph "a", "Rules for recording, storing and submitting information on transactions by an accountable person to the Financial Monitoring Service of Georgia", approved by Order No. 1 of the Head of the Financial Monitoring Service of Georgia dated June 5, 2020, 5 (five) cases of incorrect submission of information by microfinance organization to the Financial Monitoring Service of Georgia regarding a monitored operation/transaction, which according to the article 3 paragraph 3 subparagraph “m” of the Rule Approved by the Decree №16/04 of the President of the National Bank of Georgia on “Determining the Penalty amount, Imposition and Enforcement of Fines to the Microfinance Organization and its Administrator” envisages a fine with the amount of 2 000 Lari on each case. In total- 10 000 lari.

In total Microfinance Organization was fined with 10 000 (Ten Thousand) lari.