Chapter VI
COMMENDATION AND HANDLING OF VIOLATIONS
Article 58.- Commendation
Organizations and/or individuals with meritorious deeds in banking activities, contributing to the promotion of socio-economic development, ensuring safety of operations of the system of credit institutions shall be rewarded in accordance with the provisions of law.
Article 59.- Subjects and acts of violation
1. Organizations and/or individuals that violate the provisions of Article 29 of this Law; conduct banking activities without licenses or operate outside the scope of operation defined in the licenses; obstruct the examination and inspection by the State Bank; violate other provisions of this Law and provisions of the legislation on currency and banking activities shall, depending on the nature and seriousness of their violations, be disciplined, administratively handled or examined for penal liability as prescribed by law.
2. Officials and employees of the State Bank, who violate the provisions of Article 14 of this Law; lack responsibility while performing their duties, cover up organizations and/or individuals that violate the provisions of this Law and other provisions of the legislation on currency and banking activities shall, depending on the nature and seriousness of their violations, be disciplined or examined for penal liability as prescribed by law.
3. Organizations and/or individuals that violate the provisions of Items 1 and 2 of this Article, thus damaging interests of the State, organizations and/or individuals shall have to pay compensation therefor in accordance with the provisions of law.
Article 60.- Competence of the State Bank in handling administrative violations
The State Bank shall have the competence to handle administrative violations committed by organizations and individuals in the field of currency and banking activities in accordance with the provisions of law.
Article 61.- Complaints and/or litigation against decisions on handling of administrative violations
1. Organizations and/or individuals administratively sanctioned for their violations in the field of currency and banking activities shall have the right to lodge complaints about decisions on the handling of administrative violations to the competent State agency or litigate at court. The complaint or litigation shall comply with the provisions of law.
2. During the complaining or litigating period, the organizations and/or individuals subject to administrative sanctions shall still have to execute the decisions thereon. When a decision on the settlement of a complaint has been issued by the competent State agency or a court judgment or decision has taken its effect, such decision or judgment shall apply.