The Competition Committee has imposed a financial fine on Anorbank JSC for violating advertising legislation, the press service of the committee reported.

According to the committee, based on a complaint from a resident of the Tashkent region, an advertisement posted by the bank on Instagram was investigated.

The complaint stated that the advertisement, announced as part of a promotion, did not provide full information about the terms of the promotion.

During the investigation, it was found that the advertisement lacked essential terms of the financial service agreement, including the procedure for the promotion, the established limit, and information about the commission applied when the limit is exceeded.

Subsequently, the Special Commission of the Competition Committee initiated a case against Anorbank JSC on grounds of violating Articles 16 (Basic requirements for advertising), 21 (Advertising of financial services), and 43 (Liability for violation of the law) of the Law “On Advertising”.

Following the review of the case, a financial fine was imposed on the bank, and a binding order was issued to eliminate the identified violations and prevent such situations in the future.

Source: www.gazeta.uz