Turkey plans to strengthen regulation of financial accounts to combat crime.

According to news from Hash World, Turkey plans to give its financial crime regulatory agency Masak greater powers, including freezing and restricting access to bank and cryptocurrency accounts, in order to combat money laundering and financial crimes. The related measures comply with the anti-money laundering standards of the Financial Action Task Force (FATF) and are expected to be advanced through legislation. If the new regulations are approved, Masak will have the authority to close accounts suspected of illegal use, and can implement transaction limits, temporarily disable bank accounts, and blacklist cryptocurrency addresses linked to crimes. The relevant laws mainly target the practice of 'renting' accounts, where criminals pay to use someone else's account for illegal activities. These planned changes are included in a comprehensive judicial plan and are expected to be submitted for review in the new legislative year; the regulations may be amended and may not necessarily pass in their current form.

#金融犯罪 Turkey #监管 Anti-Money Laundering #Blockchain