ISTANBUL
Turkey’s Financial Crimes Investigation Board (MASAK) has introduced new measures against money laundering and terror financing, the Banks’ Association of Turkey (TBB) said on Wednesday.
The measures are based on the Financial Action Task Force (FATF)’s call to strengthen controls over anti-money laundering (AML), anti-financial crime (AFC), and terrorist financing (TF).
The association said that the FATF asked Turkey to “develop a national strategy for confiscating the proceeds and instrumentalities of crime, outlining clear priorities as well as the roles and responsibilities for prosecutors, LEAs [Law Enforcement Agencies] and MASAK.”
“Turkey should increase the number of parallel financial investigations
Read more: Turkey announces new measures against financial crimes
