Ministry of Treasury and Finance Closely Monitors Unauthorized Currency Exchange Offices: 859 Businesses Inspected

Ministry Intensifies Inspections The Ministry of Treasury and Finance has placed 859 businesses under scrutiny over the past eight years as part of its efforts to ensure the security of financial markets and combat the informal economy.
These operations specifically target unauthorized foreign exchange buying and selling activities.
280 Million Lira in Fines Requested Following the inspections, administrative fines totaling 280 million lira were requested for businesses found to be in violation of regulations.
The lower and upper limits of these administrative fines are updated annually based on the revaluation rate.
As of 2024, the minimum fine is set at 719,030 lira, while the maximum fine reaches 3,595,198 lira.
The Ministry continues to expand the scope of its inspections to maintain the deterrent effect of these penalties.
Focus on Tourist Regions and Major Cities The Ministry is shaping its inspection strategy based on regions with high population density, trade volume, and tourism potential.
Locations identified as risky through field research and digital data analysis are prioritized for inspection.
Businesses in major cities and tourist centers are being closely monitored, with authorities taking past administrative sanction records into account during their oversight.
This targeted approach aims to minimize the impact of unauthorized financial activities in high-traffic areas.
Minister Şimşek: Fight Against Informal Economy Will Continue Treasury and Finance Minister Mehmet Şimşek stated that the fight against unauthorized currency exchange activities will continue with determination.
Şimşek noted that a coordinated effort is being carried out with the Ministry of Trade, the Central Bank of the Republic of Türkiye, and the Revenue Administration.
Minister Şimşek emphasized that digital platforms and field data are being used effectively to identify risky taxpayers and ensure compliance across the sector.
The Ministry warned citizens against conducting transactions through unauthorized businesses and signaled that inspections will continue without interruption to protect the integrity of the financial system.