The Central Bank of Syria organizes 17 arrests against those who practice money exchange and money transfers without a license Details: The Central Bank of Syria announced the organization of 17 arrests against people who practiced money exchange and money transfer operations without a license, despite their previous warning. The arrests came in the second phase of the joint monitoring rounds with the Ministry of the Interior, which began on October 19, 2026. The procedures included arresting violators, seizing funds allocated to unlicensed activity, sealing and waxing their headquarters and referring them to the competent judicial authority. The bank called on all those engaged in money exchange and money transfer activities to obtain appropriate licenses, emphasizing the continuation of the rounds of supervision in cooperation with the Ministry of the Interior. The bank emphasized that the measures aim to protect the rights of customers, ensure the safety of cash transactions, and limit illegal financial activities.

The Central Bank of Syria organizes 17 arrests against those who practice money exchange and money transfers without a license Details: The Central Bank of Syria announced the organization of 17 arrests against people who practiced money exchange and money transfer operations without a license, despite their previous warning. The arrests came in the second phase of the joint monitoring rounds with the Ministry of the Interior, which began on October 19, 2026. The procedures included arresting violators, seizing funds allocated to unlicensed activity, sealing and waxing their headquarters and referring them to the competent judicial authority. The bank called on all those engaged in money exchange and money transfer activities to obtain appropriate licenses, emphasizing the continuation of the rounds of supervision in cooperation with the Ministry of the Interior. The bank emphasized that the measures aim to protect the rights of customers, ensure the safety of cash transactions, and limit illegal financial activities.