A nonbank payment service provider was warned and fined after committing a number of violations. The decision to penalize the provider was taken by the Executive Board of the National Bank of Moldova, IPN reports.

The nonbank payment service provider violated provisions of the law on payment services and digital currency and regulations of the central bank. The violations include the non-protection of funds received from users of payment services, non-inclusion of the payment agent in the register of companies that issue digital currency and non-informing of the central bank about the modification of data in the documents presented when registering agents.

The fine totals 33,000 lei. The money is to be transferred to the state budget.