Pursuant to the "Rules for completing reports by microfinance organizations and their submission of information on supervision of the risks of illicit income legalization and terrorism financing", approved by Order No. 61/04 of May 31, 2016, of the Governor of the National of Georgia, the microfinance organizations are obliged to submit to the National Bank of Georgia a report on supervision of the risks of illicit income legalisation and terrorism financing.

 

In the case of the microfinance organization LLC "Bermeli" (i/n 245431108) there has been recorded the fact of violation of the 30-day calendar term for submission of the report on the supervision of the risks of illicit income legalisation and terrorism financing, established by the National Bank, which implies a fine of GEL 5 000 (Five thousand), according to subparagraph "l" of paragraph 3, Article 3 of "Rules for establishing the amount, imposing and levying fines on microfinance organizations and their managers", approved by Order No. 16/04 of February 5, 2020 of the Governor of the National Bank of Georgia.

 

The total amount of fine was 5 000 (Five thousand) GEL.