Supreme Court confirms €55,000 fine for Privatbanka

The Supreme Court has confirmed the verdict of Bratislava Regional Court, which back in February 2015 rejected an appeal by Privatbanka to cancel a fine of €55,000 imposed on the bank by the Financial Police Intelligence Unit (SJFP) in 2012, according to the TASR press agency. The financial police carried out an inspection at Privatbanka in accordance with the law on preventing the legalisation of incomes originating from criminal activities and preventing the financing of terrorism. The end result was a fine of €55,000. Privatbanka filed an appeal with the Interior Ministry, but it was rejected. Subsequently, Privatbanka turned to the courts. In February last year the Bratislava Regional Court rejected the appeal. On October 4, 2016 the Supreme Court upheld the verdict of the Regional Court in Bratislava and both verdicts became valid two weeks later.