December 21 2018
The Financial and Capital Market Commission (hereinafter – FCMC) and JSC “BlueOrange Bank” (hereinafter – the Bank) have entered into an administrative agreement on setting legal obligations under the scope of the Law on the Prevention of Money Laundering and Terrorism Financing (AML law) in order to improve the functioning of the Bank’s internal control system. The agreement provides for a fine of 1 246 798 euro on the Bank.