06.06.2026 01:20
The Central Bank revoked the operating license of Parolapara Electronic Money and Payment Services Inc., whose name was involved in allegations of illegal gambling and money laundering. The decision, published in the Official Gazette, came after a major operation in which 24 suspects were detained regarding irregularities conducted through the company.
The Central Bank of the Republic of Turkey (CBRT) has decided to revoke the operating license of Parolapara Elektronik Para ve Ödeme Hizmetleri AŞ.
PUBLISHED IN THE OFFICIAL GAZETTE
The CBRT's decision on the matter was published in today's issue of the Official Gazette. Accordingly, the operating license granted to Parolapara Elektronik Para ve Ödeme Hizmetleri AŞ as an electronic money institution under Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions dated June 20, 2013, by CBRT decision No. 11284/20883 dated July 28, 2022, has been revoked under paragraph (ç) of the first paragraph of Article 16, Article 19, and the eighth paragraph of Article 21 of the Law.
DECISION FOLLOWED OPERATION WHERE 24 SUSPECTS WERE DETAINED
Meanwhile, 24 suspects were detained in an operation conducted in three provinces centered in Istanbul regarding the allegation that money gained from illegal gambling was laundered through Parolapara Elektronik Para ve Ödeme Hizmetleri AŞ.
In a statement from the Anadolu Chief Public Prosecutor's Office, it was noted that a report prepared by the Central Bank of the Republic of Turkey indicated that the company violated the minimum equity obligation required under its operating license, acted contrary to regulations in notifications to banks and in internal control and risk management processes, and that systematic deficiencies were identified in many areas, particularly the identity verification system (KYC) and risky transaction monitoring.
The statement added that during investigations, technical surveillance was conducted on 26 suspects involved in offenses under the Law on Regulating Betting and Games of Chance in Football and Other Sports Matches (Law No. 7258) and laundering of property values derived from crime, through the activities of an organization using Parolapara Elektronik Para ve Ödeme Hizmetleri AŞ.
It was reported that simultaneous operations were carried out in Istanbul, Kocaeli, and Yalova to apprehend the suspects along with incriminating evidence, resulting in the detention of 24 suspects, and arrest warrants were issued for 2 fugitive suspects.