CRIME OF FAILURE TO SUBMIT THE DATA AND DOCUMENTS (ARTICLE 153/1 OF BANKING LAW)

Failure to submit the data and documents required by authorized agencies and auditors is regulated as a crime in article 153/1 of Banking Law. According to article 153/1 of Banking Law; the persons who fail to provide information and documents requested within the scope of article 38 of Banking Law by the authorized agencies and auditors cited in Banking Law for the preparation of consolidated financial statements shall be sentenced to imprisonment from one year to three years and a judicial fine from 500 days up to 1,500 days. Crime of failure to submit the data and documents is committed against the banking order. For this reason it is aimed to protect the banking order with this crime. The protection of the banking order depends on eff ective audit and surveillance. If data and documents submit to authorized agencies and auditors, eff ective audit and surveillance could been. Therefore eff ective audit and surveillance depends on submit the data and documents