The monetary fine of 29 500 (twenty-nine thousand five hundred) GEL was imposed on commercial bank JSC "SILK ROAD BANK" (I/N 201955027):

1. For misrepresentation of information/documentation to the National Bank of Georgia in the process of inspection -1 (one) case;
2. For Failure to fulfill the written requirements set out in the established timeframe as a result of on-site inspection - 1 (once) case;
3. For failure to report accurate information to the National Bank of Georgia under the provisions of the "Rule on the filing and submitting illicit income legalization and Terrorism Financing Risk Supervision Reports by commercial banks" adopted on December 04, 2017 by the decree № 162/04 of the President of the National Bank of Georgia- 4 (four) cases;
4. For failure to comply with the requirements of Financial Monitoring Service of Georgia under sub-article 2 of an article 9 of the rule approved by the Order N1 (June 5, 2020) of the Head of the Financial Monitoring Service of Georgia on “Record-keeping, Storage and Reporting of the Information on the Transaction by Obliged Entity to the Financial Monitoring Service of Georgia”, and sub-article “a” of an article 12 (4) of the regulation approved by the Order N4 (January 18, 2012) of the Head of the Financial Monitoring Service of Georgia on “Receiving, Systemizing and Processing Information and Reporting to the Financial Monitoring Service of Georgia by Commercial Banks” – 21 (twenty one) cases;