Article 222. Violation of the requirements for the issuance, use and repayment of electronic money of the Code of the Republic of Kazakhstan on Administrative Offenses  

     1. Issuance of electronic money by the issuer for an amount that does not correspond to the amount of obligations assumed, –  

     entails a warning.

     2. The action provided for in the first part of this article, committed repeatedly within a year after the imposition of an administrative penalty, –

     entails a fine for medium–sized businesses in the amount of one hundred, for large businesses - in the amount of two hundred monthly calculation indices.

     3. The issuer issues electronic money in an amount exceeding fifty monthly calculation indices without identifying the owner of electronic money, as well as allowing the issuer to use electronic money in the electronic money system when performing transactions in an amount that exceeds the established limits on the maximum amount of one transaction, the amount of electronic money stored in an electronic wallet and the total amount of electronic money used by electronic wallet, established by the Law of the Republic of Kazakhstan "On Payments and Payment Systems",–  

     they entail a warning.

     4. The actions provided for in the third part of this Article, committed repeatedly within a year after the imposition of an administrative penalty, –

     They impose a fine on medium–sized businesses in the amount of one hundred, and on large businesses in the amount of two hundred monthly calculation indices.

     5. Non-repayment, late and incomplete repayment by the issuer of electronic money received by an individual entrepreneur or a legal entity from individuals when paying for civil transactions, –  

     entails a warning.

     6. The actions provided for in part five of this article, committed repeatedly within a year after the imposition of an administrative penalty, –

     they entail a fine in the amount of one hundred monthly calculation indices.

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