Bank of Astana imposed administrative sanction

/KASE, April 6, 15/ – Bank of Astana JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote Bank of Astana JSC (hereinafter – the Bank) ... notifies you that on March 31, 2015 the National Bank imposed an administrative sanction on the Bank: - in form of a penalty to the amount of KZT198,200 for committing a violation provided for in part 10 of article 213 of Kazakhstan's Administrative Violations Code dated July 5, 2014 (failure to meet the obligation to indicate the interest rate in the trustworthy, annual, effective, comparative computation at dissemination of information about interest amounts on loans and deposits); - in form of a penalty to the amount of KZT1,189,200 for committing a violation provided for in part 2 of article 213 of Kazakhstan's Administrative Violations dated July 5, 2014 (provision by banks of unreliable, as well as incomplete reports, data or other requested information). On March 27, 2015 Almaty Special inter-district administrative court issued a Resolution on drawing the Bank to administrative sanction in form of a penalty KZT792,800 for committing a violation provided in part 1 of article 214 of Kazakhstan's Administrative Violations Code dated July 5, 2014 (violation by entities of financial monitoring of the legislation of the Republic of Kazakhstan on countering legalization (laundering) of revenues obtained illegally, and countering the funding of terrorism in terms of documentary registration, storage and provision of information on transactions subject to financial monitoring, their clients, due diligence of clients (their representatives) and beneficiary owners, suspension and refusal to carry out transactions subject to financial monitoring, protection of documents received in the curse of their activities). unquote [2015-04-06]