Georgia

Fined GEL 572,118,000 in total, of which GEL 572,033,000 was for providing services without required customer identification or verification in 572,033 cases (GEL 1,000 each). Other items covered inaccurate or late information, unreported suspicious transactions, deficient sanctions/PEP screening and transaction monitoring systems, incomplete recording of operations and obstruction of the inspection. The fine has been appealed to the Tbilisi City Court. The date is as listed on NBG's AML/CFT sanctions page.

Fined GEL 63,997 for breaching a requirement of Article 5(6) of the Regulation on Lending to Individuals; the notice does not describe the conduct. The date is as listed on the NBG banking supervision page, as the notice carries none.

Fined GEL 713,000 in total. The largest item, GEL 595,000, was for 85 failures to record client and transaction information in the required software; others covered services provided without verifying clients or determining their ownership structure, missing transaction reports and a deficient internal control document. The date is as listed on NBG's AML/CFT sanctions page.

Fined GEL 66,373 for breaching the Regulation on Capital Adequacy Requirements for Commercial Banks; the notice does not describe the conduct. The date is as listed on the NBG banking supervision page, as the notice carries none.

Fined GEL 5,000 for failing, in respect of one client, to monitor the business relationship and study the origin of transactions, activities, property and funds. The page states no legal basis and no date; the date is as listed on NBG's AML/CFT sanctions page.

Fined GEL 6,000, being three fines of GEL 2,000 for submitting information or documents to the National Bank during an inspection in breach of requirements: one submission was late and two were incorrect. The date is as listed on NBG's AML/CFT sanctions page.

Fined GEL 3,000 for breaching Article 35(1)(a) of the AML/CFT Law and Article 3(9) of the FMS recording and reporting rule; the notice does not describe the specific conduct. The date is as listed on NBG's AML/CFT sanctions page.

Fined GEL 3,485,000 for breaching Article 5(6) of the Regulation on Lending to Individuals; the notice does not describe the conduct. The date is as listed on the NBG banking supervision page.

Fined GEL 678,588 for failing to comply with the Regulation on Capital Adequacy Requirements for Commercial Banks. The date is as listed on the NBG banking supervision page; the notice carries none.