The purpose of this paper is to analyze the anti‐money laundering legislation and its implementation under Turkish law. The steps taken to combat money laundering in Turkey and the importance of combating money laundering for Turkey are also analyzed in the paper.
In the paper the main features of the Turkish anti‐money laundering laws and regulations of general and specific nature, as well as the authorities and implementations of the Turkish anti‐money laundering authority, namely the Financial Crimes Investigation Board (Mali Suçlar Araştırma Kurulu – MASAK), are analyzed.
Combating money‐laundering has a particular importance for Turkey in the achievement of its goal of becoming a European Union member. Having examined the Turkish anti‐money laundering legislation and its implementation, it can be mentioned that certain major steps have already been taken by Turkey as a candidate for the European Union accession and as a member to several international conventions against money laundering.
In the paper the main features of the Turkish anti‐money laundering laws and regulations of general and specific nature, as well as the authorities and implementations of the Turkish anti‐money laundering authority are analyzed. The paper underlines the importance of combating money laundering for Turkey in order to become a member of the European Union.
