2012 29 Law Amended Article 25 Of Act 24 Of 2006 Concerning The Banking Profession

Original Language Title: القانون 29 لعام 2012 تعديل المادة 25 من القانون 24 لعام 2006 المتعلقة بمزاولة مهنة الصرافة

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Read the untranslated law here: http://parliament.gov.sy/arabic/index.php?node=201&nid=4294&RID=-1&Last=10058&First=0&CurrentPage=2&Vld=-1&Mode=&Service=-1&Loc1=&Key1=&SDate=&EDate=&Year=&Country=&Num=&Dep=-1&

2012 29 law amended article 25 of Act 24 of 2006 concerning the banking profession, President of the Republic based on the Constitution and approved by the Assembly in its meeting dated 04-01-1434 h 18-11-2012.

Issued: article (1) amends article 25 of law No 24, 2006 to read as follows: (a) contravenes the provisions of paragraph (a) of article 7 of this law and practising Exchange without a license is punishable by imprisonment for not less than one year and not more than three years and a fine of one million ls, confiscation of funds intended to commit the offence or which resulted. B-contravenes the provisions of paragraph (b) or (d) of article 7 of this law shall be liable to a fine of LS 100 000 to 500 000 ls. C-taking cutting systems window regarding the limits of permissible pieces entered and ejected anyone who contravenes paragraph (c) of article 7 of this law to move or transfer money between Syria and abroad without prior authorization to imprisonment of not less than one year and not more than three years and confiscation of movable or transferred, and fine like movable or transferred to a minimum fine of one million pounds. D-any other violation of the provisions of this law are punishable by imprisonment for a term not less than three months and not more than six months, and a fine of one hundred thousand to five hundred thousand pounds, or both. -Be punished for attempted bye of the offences mentioned in this article on the specific penalties for crime, and penalties set out in the preceding paragraphs in case of repetition. -Do not turn the penalties outlined above without the prosecution and punishment of offenders as if the offense committed fall under law against money laundering and terrorist financing or another offence punishable with bye harsher penalty. G-governs the confiscation of funds transferred or moved contrary to this law as compensation for the benefit of the Central Bank of Syria and his income is, as judged by a fine for the public Treasury. H-Legal Affairs Directorate staff and legal issues sections in the branches of the Central Bank of Syria of law enforcement officers in showroom tune offences mentioned in this article, are the true Eden: organizers unless proven otherwise. I-the Central Bank of Syria is relieved of duties and judicial and insurance guarantees and advances all and any other financial costs if the charges against the defendant money in prosecuting the crimes mentioned, Guy this article including civil claims in all phases of the prosecution and investigation and trial and execution.

Article 2 this law shall be published in the Official Gazette.

 

President Bashar Al-Assad