The Ministry of Finance and Industry of the OAA imposed a fine of 50,000 dollars on one of the operating cash exchange companies in the country. This fine was imposed for the violation of the company’s regulatory requirements and safety standards.
Representatives of the Central Bank of the OAA emphasized the importance of adherence to all relevant laws and norms in the financial sector, expressing their readiness for further cooperation and support for financial institutions to ensure the stability and safety of the banking system in the country.
"We call on all institutions in the cash exchange sector and financial institutions in the OAA to strictly comply with all laws and regulations, as well as to provide first-class services to clients," said a representative of the Central Bank of the OAA.
This decision underscores the serious approach to compliance with norms and standards in the financial services sector, which is essential for ensuring transparency and reliability of the banking system in the OAA.
