Tbilisi (GBC) - According to the NBG, Peasera Bank was fined with 46,000 GEL for violating money laundering legislation.
The digital bank has violated client identification/verification requirements with 3 companies, as well as in the part of document verification, which is required by the Financial Monitoring Service.
The NBG President's Order No. 48/04 on the implementation of preventive measures against clients electronically has been ignored (the client's electronic identification/verification condition has been violated).
The details of the transaction, information about the parties, and the client's risk level have not been properly studied. The client identification procedure has been violated.
There is an additional violation in relation to 2 clients, regarding improper implementation of enhanced preventive measures. The origin of property and funds has not been studied during monitoring of business relations.
In the case of the first client, the requirements of the National Bank of Georgia for assessing the risk of legalization of illegal income and financing of terrorism were violated.
In the case of the 2nd client, who falls into the high risk category, is not accompanied by additional permission from the management. The law requires permission to establish or continue a business relationship (Article 18 d).
