The monetary fine of 53 800 (fifty-three thousand eight hundred) GEL was imposed on payment service provider “NBC” LLC (I.N. 405150063):

1. For 6 (six) case for failure to comply with the requirements regarding reporting suspicious transaction to the Financial Monitoring Service of Georgia, set by the Paragraph 2, Article 9, law of Georgia „On Facilitating the Suppression of Money Laundering and Terrorism Financing”;
2. For 16 (sixteen) case for failure to assign customer risk in accordance with the risk factors provided by the manual approved by the “Order N82/04 of the President of the National Bank of Georgia May 7, 2019 on the Approval of the Guideline on Illicit Income Legalization and Terrorism Financing Risk Assessment“ and the internal regulations (policy/procedures) of the Payment Service Provider;
3. For 4 (four) cases for failure (submitting incorrect information to the National Bank of Georgia) of the rule approved by “the order N162/04, December 4, 2017 of the President of the National Bank of Georgia on Rules on Compiling Reports and Submitting Information on the Supervision of Terrorism Financing and Money Laundering Risks by Payment Service Provider ”;