The Central Bank of Syria announced the detention of 17 individuals who continued to engage in exchange and financial remittance activities without a license, ignoring warnings to cease such practices. This occurred during the second phase of joint supervisory rounds with the Ministry of Interior, which began on the 19th of the current month.
The bank clarified via its Telegram channel on Wednesday that the measures included arresting the violators, seizing funds intended for unlicensed exchange and remittance activities, sealing their premises, and referring them to the competent judiciary for necessary legal action.
For its part, the bank commended citizens who refrained from engaging in unlicensed exchange and financial remittance activities, emphasizing that this compliance reflects awareness of the risks associated with unlicensed practices. It added that this awareness contributes to protecting the rights of clients, safeguarding the integrity of monetary transactions, and curbing illegal financial activities.
The bank pointed to the continuation of supervisory rounds in cooperation with the Ministry of Interior, taking legal action against violators and referring them to the competent judiciary, ensuring the enforcement of prevailing legislation and enhancing compliance with regulations governing these activities. The bank had previously announced on the 19th of the current month the start of the second phase of measures to control and regulate the exchange and financial remittance market, following the conclusion of the first phase of issuing warnings.
The Central Bank of Syria had announced on the 10th of the current month that 755 warnings were issued to shops and establishments engaged in unlicensed exchange and financial remittance activities, during supervisory rounds conducted in cooperation with the Ministry of Interior in several governorates, aimed at controlling violations.
Source: Syrian Arab News Agency (SANA)
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