BTA Bank imposed administrative sanction

/KASE, July 30, 14/ – BTA Bank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... Following a resolution of Almaty Special inter-district administrative court dated July 23, 2014 an administrative sanction in form of a penalty to the amount of 350 MCI, or KZT648,200 was imposed due to committing a violation expressed in violation by the financial monitoring object of Kazakhstan legislation on countering legalization (laundering) of revenues obtained in an unlawful way, and against financing of terrorism in part of provision of information on transactions subject to financial monitoring, responsibility for which is provided for in part 1 of article 168-3 of Kazakhstan's Administrative Violations Code. Resolution SIAC of July 23, 2014. unquote [2014-07-30]