10912
Cases Open for Illegal Banks, Institutions
Economy, Business And Markets

Cases Open for Illegal Banks, Institutions

A disciplinary committee has been tasked with addressing illegal activities of a bank and five credit institutions, Fars news agency reported Monday, citing an informed source.  The case related to a bank formerly known as Tat Bank which later merged with two other financial institutions to form Ayandeh Bank has been investigated, the source who was not identified said.  According to Article 44 of the Monetary and Banking Act, breaching any of the banking regulations will entail the following consequences: firstly managers or employees responsible for misconducts shall receive formal notices. Next, violators will be required to pay fines. And finally, the bank or credit institutions involved in the illegal action could temporarily or permanently be banned from holding any other banking positions.

Short URL : http://goo.gl/w76tjy

You can also read ...

Iran Housing Market Bracing for Double-Dip Recession: Aug-Sep 2018 Report
New data show property deals in Iran are on a downward...
FAO Forecasts Iran’s Cereal Output to Rise 12% in 2018
Despite autumn dryness, crop conditions recovered in Iran and...
Hot Autumn for Tehran Stocks
Tehran stocks rose solidly on Sunday, recording another all...
Iran's Summer Box-Office Revenues Exceed $5 Million
Iran’s box-office revenues exceeded 610 billion rials ($5.19...
Iran Privatization Organization's Gravest Dilemma: Volatile Forex Market
The gravest problem facing privatization in Iran is the...
SCI Puts Iran's YOY Inflation at 25.7%
The goods and services Consumer Price Index for the month...
Mobile Internet Services Get Costlier in Iran
Major mobile operators MTN-Irancell and Mobile...
Iran Agrifood Exports Rise 27% to Record High of $2.6 Billion
Around 2.94 million tons of agricultural and food products...

Trending

Googleplus