Ministry of Treasury and Finance Crackdown on Unauthorized Exchange Offices: 859 Businesses Closed

Increasing Audits and Sanctions The Ministry of Treasury and Finance has released the results of its ongoing efforts to combat the informal economy since 2018.
As part of these operations, 859 businesses operating without a license have been shut down, and administrative fines totaling 280 million lira have been imposed.
Minister Şimşek’s Message of Determination Treasury and Finance Minister Mehmet Şimşek emphasized the importance of tackling unauthorized businesses within the scope of fighting the informal economy.
Şimşek stated that audit plans are developed in collaboration with institutions such as the Ministry of Trade, the Central Bank, and the Revenue Administration.
Highlighting that risky taxpayers are identified through the analysis of data from field research and digital platforms, Şimşek indicated that audits will focus on regions with high trade volume and sectors identified as high-risk.
Risk-Oriented Audit Model The action plan against the informal economy has been structured based on risk-based criteria.
Audit points are determined by analyzing factors such as population density, trade and tourism potential, records of risky sectors, and past administrative sanctions.
The Ministry announced that sanctions and audits in these regions will continue with determination, utilizing a risk-oriented approach.