In particular due to its location bridging Europe to Asia
attracts the foreign criminal organizations of migrant smuggling,
terrorism and narcotics. Turkey hosted many brass plate companies
in the past set for the purpose of placement, layering and
integration of laundering transactions by 1990s.
The first systematic drug trafficking and money laundering dates
to the 1960s during Turkish immigration to Germany. Between the
years of 1980s-1990s, due to the increase in illicit production and
shadow economy and the lack of regulated financial institutions and
effective laws, usury, in a form of typical business as a
laundering method was very common.
The effects of globalization, increase in financial institutions
and transnational business operations after 1990s required to
regulate the financial market and to handle the matter of
laundering both in domestic and international standards. For that
purpose Turkey enacted its first regulation, law no 4802 in 1996.
Even
