UpdatesThe Monetary Limit within the scope of Know Your Customer Policies in the Prevention of Money Laundering and Financing Terrorism of MASAK Obliged Parties Has Been Increased to 85 Thousand Liras
The Regulation Amending the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism (“Regulation”) entered into force after being published in the Official Gazette dated 16 June 2022 and numbered 31868. The lower monetary limit of transactions of institutions and organizations which are obliged to prevent laundering proceeds of crime...