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Armenian government to set administrative penalty for provision of unlicensed financial services

22.03.2019 11:45

Armenian government to set administrative penalty for provision of unlicensed financial services

YEREVAN, March 22 /ARKA/. The government of Armenia has approved today setting an administrative penalty for provision of unlicensed financial services and unlicensed advertising of credit organizations.

“The proposal sets administrative liability in relation to unlicensed persons for the provision of advertising services to credit institutions by means of media, social networking services and any other electronic information transfer mechanisms,” Justice Minister Artak Zeynalyan explained.

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