Treasury and Finance Minister Mehmet Simsek, Financial Crimes Investigation Board (MASAK) for crypto asset service providers and payment organizations brought about the new mechanism to warn these organizations, “We will not open an eye to those who want to abuse our financial system.” he said.
Şimşek made an assessment of MASAK’s work for crypto asset service providers and payment organizations.
Financial organizations, citizens, personal and financial information to be shared with illegal betting sites before the warning that he warned Simsek, MASAK, by the protection of the financial system and more effectively to fight the criminal revenues of the Official Gazette on December 25, 2024, said some arrangements were published.
Lightning, gradually enacted with the legislation changes brought to the strict regulations brought to the strict sanctions will encounter heavy sanctions, crypto asset service providers and payment and electronic currency organizations, especially in many issues, said important arrangements.
Emphasizing that these regulations will ensure that the financial system is more reliable and transparent, Şimşek stated that the issue of complete compliance with new regulations is shared with all the sector stakeholders through Türkiye Banks, Turkey Participation Banks and Turkey Capital Markets Associations.
Şimşek addressed the stakeholders in the financial sector on the subject and said:
“We are taking stable steps to make the financial system of our country in accordance with international standards. We will not open an eye to those who want to abuse our financial system. Crypto asset service providers now have to fulfill their responsibilities as part of the financial system. Within the scope of new regulations, crypto asset service providers are included in the same obligations with the same banks, intermediary institutions and insurance companies.
“Crypto transfer process will not be allowed”
In this context, Şimşek pointed out the new obligations that crypto asset service providers should fulfill, said:
“Crypto asset service providers need to prepare the compliance program and appoint compatibility officials. Risk management and customer transactions to create mechanisms, registering in the electronic notification system, detailed customer diagnostic measures are important. These organizations, the first financial transactions through the bank is obliged to fulfill important obligations. This information will not be allowed in case of this information. “
“Stable crypto assets are also closely monitored”
Şimşek stated that strict measures have been brought to the acceptance of customers for platforms that increase the anonymity and used in illegal transactions that mediate the purchase and sale of privacy -based crypto assets and gave the following information:
“The ‘stable crypto assets’, which is used intensively used in the financing of money laundering and terrorism, is closely monitored. In a short period of time, the necessary arrangements will be made by MASAK. MASAK’s new arrangements are not only related to crypto asset platforms but also the payment organizations. We also closely follow the payment organizations in terms of illegal betting and fraud, which needs to be followed strictly. “
