The Executive Committee of the National Bank of Moldova has decided to sanction COMERȚBANK and members of the Steering Committee of COMERȚBANK, who were at helm during the time frame that was controlled, with 1 700 000 lei and 551 602.42 lei.
At the same time, it was decided to sanction the current members of the Steering Committee of COMERȚBANK as a warning.
The decision was taken resulting a complex control performed at this bank, where violations of the Financial Institutions Act, the NBM normative acts and the Law on preventing and combating money laundering and terrorist financing were identified.
Especially, the bank did not respect the legislation on the Council's members, preventing and combating money laundering and terrorist financing, transactions with persons affiliated to the bank, internal control systems, management framework etc.
The bank is currently working in a normal regime and offers all available services, including those tied to deposit operations, lending and settlement. At the same time, the established breaches do not pose a major threat upon the financial stability.