MOCI issues warning notifications to erring real estate, jewellry, money exchange and insurance companies

The Department of Combating Money Laundering and Funding of Terrorism attached to the MInistry of Commerce and Industry (MoCI) took action against several companies that breached Law 106/2013, in September.

In a press release, the ministry said that 56 measures were taken against erring companies, including issuing warning notifications to 17 real-estate companies, four jewelry companies, two money exchange agencies and one company dealing in insurance.

In addition, 19 real-estate companies, four jewelry companies, five money exchange firms and four insurance companies were compelled to comply with the relevant laws.