During the inspection period, was found 3 (three) cases of incorrect submission of requested information/documentation by the microfinance organization to the National Bank of Georgia, which is a violation of the "Rule for determining, imposing and enforcing of the fine to the microfinance organizations and their administrators" adopted on February 5, 2020 by the order №16/04 of the President of the National Bank of Georgia No. - Pursuant to Article 3, Clause 3, Sub-Clause "P", it provides for a fine of 2,000 (two thousand) GEL for each violation. 6,000 (six thousand) GEL for 3 (three) cases of violation mentioned in this clause.

5 (five) facts of not providing the information about the monitored operation/transaction to the Financial Monitoring Service of Georgia, which in accordance to Article 3, Paragraph 3, subparagraph "m" of the mentioned rule, considers the fine with 2,000 (two thousand) GEL for each violation fact. 10,000 (ten thousand) GEL for 5 (five) cases of violation mentioned in this clause.

2 (two) cases of high risk clients, the permission to establish and/or continue a business relationship with the person has not been obtained from the management, which in accordance with Article 3, Clause 3, sub-clause "D" of the mentioned rule provides for the microfinance organization to be fined - in the amount of 2,000 (two thousand) GEL, for each violation. 4,000 (four thousand) GEL for 2 (two) cases of violation mentioned in this clause.

Was detected that a software (electronic) system established by the microfinance organization to facilitate the prevention of money laundering and terrorist financing was operating with significant defects, which envisages a fine in the amount of GEL 20 000 (twenty thousand) for each violation in accordance with article 3, Clause 2, Sub-Clause "E" of the Rule of Fine (as amended after April 6, 2021). Total – 20,000 (twenty thousand) GEL.

Microfinance Organization LLC “BERMELI” (identification number 245431108) was fined with total amount of 40,000 (forty thousand) GEL.