TechFlow, Sept. 30 — According to Bloomberg, Turkey is preparing to grant its financial crime watchdog Masak expanded powers to freeze and restrict access to bank and cryptocurrency accounts as part of efforts to combat money laundering and financial crimes.
The proposed measures align with anti-money laundering standards set by the Financial Action Task Force (FATF) and are expected to be introduced via legislation submitted to parliament, according to people familiar with the matter. The individuals requested anonymity because the plan has not yet been made public.
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