The Financial Crimes Investigation Board (MASAK), which is a
main service unit of the Ministry of Finance, having the mission of
making policies and carrying out investigation and research to
convey the information and the results to relevant authorities has
issued a regulation on registered electronic e-mail system which
has entered into force on 30 March 2015.
Accordingly all notifications to made under the Law No:6415 (Law
on Prevention of Financing of Terrorism) to banks, intermediaries,
leasing factoring and financing companies, insurance and pension
companies, portfolio management companies, Central Registry Agency
and the Postal and Telegraph Organization Corporation (collectively
"institutions") by MASAK should be made
The institutions should apply to MASAK to open an account on
registered e-mail system within 90 days following to the official
It is essential that the account in the system must be used on
account owner's behalf. In cases where the account owner is a
legal person, the account shall be used by an authorized staff.
The institutions are not allowed to apply for the closure of
their registered e-mail system account as long as they continue to
operate. In case of doubt or finding that the account is used
incompliance with the principles and procedures MASAK shall take
the necessary measures including the temporary closure of the use
of the account. The account owner is responsible for ensuring that
the measures taken within the scope of the re- operability. MASAK
shall close the account upon being notified that the activities are
terminated or determination of that there is no need furthermore of
being registered to the system.
The account owners are subject to administrative fine unless if
they fail; to declare the information and documents required for
the application as complete and accurate and in timely manner, to
notify MASAK about the changes of those immediately, to abide by
all conditions specified in the application form, to protect the
access information provided after the account opening and to inform
MASAK in case of third party disposal on access information .
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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