The People's Bank of Serbia deprived the Alta Group of its substitute license and fined it 250 million dinars The People's Bank of Serbia canceled the Alta Group d.o.o. License to carry out foreign currency transactions. For the violations identified, a total fine of 250 million dinars was imposed on the legal entity and the responsible manager. Difficult measures were taken following a comprehensive, many-day audit conducted by experts from the foreign exchange operations sector of the National Bank of Israel. The regulator emphasized that the audit was carried out completely independently of other structures of the bank, objectively and in accordance with professional standards. Balkanist.