THE MONETARY FINE WAS IMPOSED ON PAYMENT SERVICE PROVIDER "eMoney Georgia" JSC (I.N. 202376026)
The monetary fine of 93 000 (Ninety-three thousand) GEL was imposed on payment service provider “eMoney Georgia” JSC (I.N. 202376026):
For 1 (one) case for exceeding the deadline of presentation of information/documentation to the National Bank of Georgia in the process of inspection;
For 19 (nineteen) cases 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 19 customer);
For 4 (four) cases for failure to comply with the requirements of Article 2 of Appendix N1 and Article 9 Clause 2 of the Order N82/04 of the President of the National Bank of Georgia May 7, 2019 "On Approving the Risk Assessment Guidelines for Legalization of Illegal Income and Financing of Terrorism" (assigning risk - did not take into account the relevant risk factors determined by the legal act of the National Bank and/or payment service provider’s internal policies/procedures);
For 3 (three) cases for breach of requirements set by the Article 25 of law of Georgia „On Facilitating the Suppression of Money Laundering and Terrorism Financing” and by Article 3 Clause 3 of the Order N1 of the Head of the Financial Monitoring Service of Georgia 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” (Failure of submition a reporting form, on a suspicious (operations) transactions, to the Financial Monitoring Service of Georgia).