Amendment to the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism
Regulation Amending the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism (“Regulation”) was published in the Official Gazette dated 01.05.2021 and numbered 31471.
Significant rules introduced by the Regulation are summarized below:
- Crypto asset service providers and savings finance companies are considered as obligors within the scope of the Financial Crimes Investigation Board (“FCIB”) legislation.
- Accordingly, crypto asset service providers and savings finance companies are subject to the requirements regulated for the obligors under the FCIB legislation such as the identification of the clients, reporting suspicious transactions, providing continuous information, preservation and submission.
The Regulation enters into force on the date of publication.
You may find the Turkish version of the Regulation here.
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