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ARTICLE · 30 JULY 2024

What Is New On MASAK's Suspicious Transaction Reporting Guideline For Crypto Asset Service Providers?

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The Suspicious Transaction Reporting Guideline for Crypto Asset Service Providers has been updated by the Turkish Financial Crimes Investigation Board (MASAK) and came into force on July 26, 2024...

TurkeyTechnology
Torehan Buyuksoy
Torehan Buyuksoy
Ayse Gonen Anaeli
Ayse Gonen Anaeli
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The Suspicious Transaction Reporting Guideline for Crypto Asset Service Providers has been updated by the Turkish Financial Crimes Investigation Board (MASAK) and came into force on July 26, 2024. The revised guidelines cover additional sector-specific and suspicious transaction types to address evolving crime typologies, enhancing preventive measures against financial crimes. Our article provides a detailed overview of these updates.

Turkish Financial Crimes Investigation Board ("MASAK") has updated the Suspicious Transaction Reporting Guideline for Crypto Asset Service Providers ("Updated Guideline")1 in order to stay compliant with the emerging needs of relevant stakeholders due to rapid technological developments. The Updated Guideline has entered into force as of July 26, 2024.2

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