Regulation on the Working Procedures and Principles of the Coordination Board for Combating Financial Crimes
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This regulation establishes the Coordination Board for Combating Financial Crimes under the chairmanship of a Deputy Minister of Treasury and Finance. The Board is composed of high-level representatives from key Turkish institutions including the National Intelligence Organization, Financial Crimes Investigation Board (MASAK), Banking Regulation and Supervision Agency, Ministry of Justice, Ministry of Foreign Affairs, Ministry of Trade, and the General Directorate of Security. Its primary duties are to evaluate draft legislation on anti-money laundering and countering the financing of terrorism, enhance inter-institutional cooperation, determine implementation strategies, and issue guiding decisions. The Board meets twice a year in April and September, with provisions for extraordinary meetings. Decisions require a majority vote with the chair holding a casting vote in case of a tie. Secretariat services are provided by MASAK.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Establishes Coordination Board chaired by Deputy Minister of Treasury and Finance with 9 specific member institutions
- Board meets twice annually in April and September as ordinary meetings
- Extraordinary meetings can be called by the Chair or upon written request of any member
+ 3 more changes with Pro
Obligations
What this law requires
The Coordination Board must evaluate draft legislation on money laundering and terrorist financing prevention
The Coordination Board must enhance inter-institutional cooperation and determine implementation strategies for combating financial crimes
Board members must ensure decisions taken by the Board are effectively implemented within their respective institutions and report results to MASAK
The Coordination Board Chair must organize regular meetings in April and September each year and can convene extraordinary meetings when necessary
The Chair must notify Board members of ordinary meeting agendas, dates, and locations at least fifteen days before the scheduled meeting date