2024-08-04 07:55:42
Officials of Kəpəz BOKT LLC, City Finance BOKT LLC and Finance for Development LLC were fined.
Day.Az reported this on Tuesday with reference to the Central Bank of Azerbaijan.
According to the information, within the framework of the current control processes carried out by the Central Bank of Azerbaijan, in connection with the violation of the requirements of Article 22.1 of the Law of the Republic of Azerbaijan “On Non-banking Credit Organizations”, paragraph 3.3 “Procedure for providing information on borrowers of credit organizations to the centralized credit registry”, in accordance with Article 440.1 of the Code of Administrative Offenses, an official of Non-banking Credit Organization City Finance LLC was fined in the amount of 1,500 (one thousand five hundred) manats.
Due to the violation of the requirements of Article 22.1 of the Law of the Republic of Azerbaijan “On Non-banking Credit Organizations”, paragraph 3.3 “Procedure for providing information on borrowers of credit organizations to the centralized credit registry”, in accordance with Article 440.1 of the Code of Administrative Offenses, an official of Non-banking Credit Organization Kəpəz LLC was fined in the amount of 6,000 (six thousand) manats.
As part of a comprehensive inspection conducted by the Central Bank of Azerbaijan, in accordance with Article 598.1.2 of the Code of Administrative Offenses, in connection with the violation of the legislation on combating the legalization of property acquired by criminal means and the financing of terrorism, Non-banking credit organization Finance for Development LLC and its official were fined by the Nasimi District Court of Baku 20,000 (twenty thousand) and 2,000 (two thousand) manats, respectively.