The monetary fine of 928 000 (nine hundred twenty-eight thousand) GEL was imposed on commercial bank JSC “TBC BANK” (I.N. 204854595):
1. For 4 (four) cases for misrepresentation of information/documentation to the National Bank of Georgia in the process of inspection;
2. For 1 (one) case for breach (the rule of customer identification is violated towards a client) of article 6 of the law of Georgia on "Facilitation of Prevention of the Legalization of Illegal Income" and article 6 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”;
3. For 1 (one) case for breach (the rule of customer identification is violated towards a high risk client) of article 6 of the law of Georgia on "Facilitation of Prevention of the Legalization of Illegal Income" and articles 6 and 61 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”.