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The Central Bank may apply sanctions against credit organizations in the following cases:
a) a credit organization has violated laws and other legal acts in conducting its financial operations;
b) a credit organization has not complied with the prudential standards established for credit organizations;
c) the manner and terms for disclosing the balance sheet, financial statements and other reports have been violated and (or) these documents contained false data;
d) a credit organization has failed to carry out the directive of the Central Bank stipulated by sub-clause a) in Clause 1 of Article 19 of this law.
e) When a credit organization has violated the requirements of the Law on Credit Organizations, other legal acts regulating the operation of credit organizations, as well as the requirements of internal legal acts of the credit organization.
