THE MONETARY FINE WAS IMPOSED ON COMMERCIAL BANK “Ziraat Bank Georgia” JSC (I.N. 404534170)
The monetary fine of 25 000 (twenty-five Thousand) GEL was imposed on commercial bank “Ziraat Bank Georgia” JSC (I.N. 404534170)
For 1 (one) case for breach of requirements set by the Subparagraph “e”, Paragraph 1, Article 18, law of Georgia „On Facilitating the Suppression of Money Laundering and Terrorism Financing”, (reasonable measures has not been taken to determine the source of wealth and the source of funds towards 1 customer);
For the breach of the Requirements of Paragraph 6, article 27, law of Georgia „On Facilitating the Suppression of Money Laundering and Terrorism Financing”, and Paragraph 1, Article 3 and Paragraph 3, Article 4 of the rule established by the Order N1 of the Head of the Financial Monitoring Service of Georgia on June 5, 2020 “On Approval of the Rule on Record-keeping, Storage and Reporting of the Information on the Transaction by Obliged Entity to the Financial Monitoring Service of Georgia”.