Friday, August 19, 2016
Baker McKenzie reports that Turkey: "As part of its fight against money laundering and financing terrorist acts and organizations, the Ministry of Finance issued the Regulation on Suspension of Suspicious Transactions on July 29, 2016. The Regulation focuses on suspending suspicious fund transfers." Read the Baker McKenzie analysis here.
The current news reports about Turkey's government alleged economic suppression of political rivals leads to my curiosity about how "suspicious" and "terrorism" are being defined by MASAK, and how this regulation is to be implemented by financial institutions.