Turkey Grants Watchdog Power To Freeze Crypto Accounts in AML Push
The proposed measures aim to combat illicit financial activity while aligning the country with international standards set by the Financial Action Task Force.
Turkey is preparing legislation that would authorize its financial crime watchdog Masak to freeze cryptocurrency accounts as part of expanded Anti-Money Laundering enforcement powers. The proposed measures aim to combat illicit financial activity while aligning the country with international standards set by the Financial Action Task Force.
The bill would expand Masak’s mandate to freeze both cryptocurrency and traditional bank accounts suspected of criminal use, according to Bloomberg reports citing people familiar with the matter. The legislation is expected to reach the Grand…
