27/07/2012

Prishtina, July 27, 2012 – Executive Board of the Central Bank of Republic of Kosovo has authorized the CBK staff to examine financial activities that are not licensed by the CBK.  
In this context, this morning, the team of the CBK examiners assisted by the Kosovo Police visited two locations on suspicion that there is being conducted financial activity unlicensed by the CBK. 
When examining the location in the municipality of Gracanica, examiners   confirmed that the financial institution named "Dunav Banka A.D. Zvečan" was conducting unlicensed financial activity. At the same time, while examining the location within Shtrpce municipality, examiners confirmed that the financial institution named "Dunav Banka A.D. Zvečan" was conducting unlicensed financial activity. 
The process of examination in both locations was completed without any excess. In both locations a quantity of materials and equipment used for unlicensed activities was seized and put under CBK safekeeping and shall be used for relevant legal proceedings. 
According to the legislation  in force no person shall conduct any banking or  financial activity without a license issued by the CBK, which  has the exclusive legal responsibility for regulating, licensing, registration and supervision of all financial institutions in the Republic of Kosovo.