The Financial Crimes Investigation Board (the “FCIB”) updated the Banks’ Guidelines on Suspicious Transaction Reporting (the “Guidelines“).
- The crime categories and the reference table have been updated.
- The crimes of corruption; unlicensed payment and e-money services; failure to declare a transaction conducted on behalf of a third party; cigarette, alcohol and tobacco smuggling; pyramid selling (Ponzi schemes); and abuse of non-governmental organizations are included among the suspected crime categories in the Guideline. Accordingly, the suspicion of these crimes will also require reporting.
- The latest update (Turkish Version) can be found in here.
The amendments to the Guideline aim to expand the categories of suspected crimes to be reported to ensure transaction security.