11.02.2021
Banks Violated the Consumers’ Interests by Law on Attraction of Deposits to Be Fined
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MPs Artak Manukyan and Babken Tunyan propose to amend the law on Attraction of Deposits and fine the banks in the event of violations. It is designed to levy up to 500.000 drams, but not less than 300.000 drams for the violation made for the first time during 365 days. During the same period in the event of violation made for the third time the bank will be fined up to 2mln drams.
Artak Manukyan has noted that the strictness is aimed at the prevention of the violations and the protection of the consumers’ interests.
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The MPs propose to amend the Criminal Code for protection of the person’s honour and dignity from the false slanderous and insulting expressions: to establish up to 5mln drams of compensation instead of 1mln drams for insult, and 10mln drams of compensation up to 2mln drams for slander. The Governme...