Identity Verification Thresholds for Financial Transactions Have Been Raised.

abcgazetesi.com.tr

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With the changes made to the MASAK (Financial Crimes Investigation Board) regulations, some monetary thresholds that financial institutions must comply with have been redefined. The limit for identity verification has been increased from 185,000 TL to 370,000 TL, and the threshold for electronic and crypto asset transfers has been increased from 15,000 TL to 30,000 TL. Here are the details...

Karar Gazetesi

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Significant changes have been made to regulations aimed at preventing money laundering and terrorist financing. With the new regulation published in the Official Gazette, the threshold for identity verification in general transactions has been increased from 185,000 TL to 370,000 TL, while certain information and verification thresholds for electronic transfers and cryptocurrency transactions have been raised from 15,000 TL to 30,000 TL. New rul…

ekonomim.com

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With the decision published in the Official Gazette, the identity verification limit in the fight against money laundering and terrorist financing has been increased to 370,000 Turkish Lira, and the transfer thresholds to 30,000 Turkish Lira. The regulation also eased the requirement for financial institutions to obtain a physical signature sample during SMS verifications conducted via mobile channels.

bloomberght.com

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As part of efforts to combat money laundering and terrorist financing, monetary limits for identity verification have been raised, and new security requirements have been introduced for customer verification methods used by financial institutions on internet and mobile channels.