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ARTICLE · 13 MARCH 2020

Online Advertisement And Platform Related Amendments To Turkish Banking Law

Esin Attorney Partnership
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Article 150 of the Banking Law was amended, establishing a new tool for combating fake banking advertisements on online mediums.

TurkeyFinance and Banking
Ilay Yilmaz
Ilay Yilmaz
Can Sozer
Can Sozer
Berk Bengi
Berk Bengi
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Recent Development

The amendments ("Amendments") to the Banking Law No. 5411 ("Banking Law") were published in the Official Gazette on February 25, 2020 and entered into force on the same date. The Amendments introduce significant changes to the online advertising practice related to banks.

What's New?

Article 150 of the Banking Law was amended, establishing a new tool for combating fake banking advertisements on online mediums.

  • Under Article 150 of the Banking Law, conducting banking activities without the necessary authorizations is a crime for real and legal persons. The Amendments state that online advertisements implying that the advertisers are conducting banking activities when the advertisers actually lack the proper authorization may result in banning access to the advertisement.

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