Twelve credit unions’ licences revoked

Twelve credit unions’ licences revoked
  • Clock-gray 12:28
  • calendar-gray 06 January 2017

The Financial Markets Supervisory Authority (FIMSA) has revoked licenses of Arzu Credit Union, Azeriinvest Credit Union, Cenub Credit Union, Ceyhun Credit Union, Compass Credit Union, F.A.S. Credit Union, Hakari Credit Union, Kredo-Invest Credit Union, Real Credit Union, terekeme Credit Union, Tural Credit Union and Yardimli Credit Union due.

 

According to FIMSA, these unions did not obey accounting rules and no external audit was conducted on these unions in 2015.

 

 

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