A fine of Gel 3000 (three thousand) was imposed on the Securities Registrar “Securities Registrar C S R“ JSC for:

The internal instruction developed by the securities registrar fails to meet the requirements set forth in Article 29 of the Law of Georgia on facilitating the prevention of Money laundering and the financing of Terrorism. Adopted rules and procedures did not correspond with the legislation , which according to the order №35/04 of the President of the National Bank of Georgia adopted on February 14, 2012, “against the person and the members of the governing body, Securities legislation, accounting, reporting and auditing”, Law of Georgia “On Facilitating the prevention of Money Laundering and Terrorism Financing", "Rule for determining, imposing and executing monetary penalty In the current version; - the "rule of fine" article 5², paragraph 3, subparagraph "I" envisages fine with the amount of 3 000 (three thousand) Lari.