Turkiye: Ministry of Treasury and Finance adopted regulation on compliance with obligations on prevention of laundering proceeds of crime and financing of terrorism

On 25 December 2024, the Ministry of Treasury and Finance adopted regulation on compliance with obligations on prevention of laundering proceeds of crime and financing of terrorism. The regulation introduces mandatory registration of compliance officers in a central register and sets requirements based on professional experience in the treasury and finance sector. It highlights that cryptoasset service providers and electronic commerce platforms are required to appoint compliance officers who meet the updated criteria. The changes also expand the scope of compliance obligations to include advanced monitoring of crypto asset transfers and alignment with asset-freezing decisions under anti-terrorism laws. Additionally, the amendments modify provisions related to the appointment of compliance officers for entities covered under the regulation.