Revision of the Regulation on the MASAK Compliance Program

 

The regulatory framework governing anti-money laundering (AML) and counter-terrorism financing (CTF) obligations in Türkiye is undergoing a significant transformation. One of the most recent and notable developments in this area is the Revision of the Regulation on the MASAK Compliance Program Regarding Obligations for the Prevention of Laundering and Financing Terrorism, published in the Official Gazette on 22 August 2025 (No. 32994).

Issued by the Financial Crimes Investigation Board (MASAK), the revised Regulation introduces meaningful changes to the existing compliance regime. These amendments expand the scope of obligated institutions, refine the risk-based compliance approach, and impose stricter requirements concerning compliance officers and internal governance structures. As a result, the Regulation directly affects not only banks and financial institutions, but also payment institutions, electronic money companies, and crypto-asset service providers.

At a time when regulatory enforcement is intensifying and non-compliance may trigger serious administrative and criminal consequences, it has become essential for corporations and business entrepreneurs to closely examine the revised framework and reassess their compliance programs accordingly.

This article highlights the key amendments introduced by the 2025 Regulation and discusses their practical implications for obligated entities seeking to ensure full compliance with MASAK’s AML and CTF requirements.