Turkey has ratified the Council of Europe Convention on
Laundering, Search, Seizure and Confiscation of the Proceeds from
Crime and on the Financing of Terrorism ("Convention"),
with Law Number 6665. The Convention aims to establish a common
criminal policy between signatory countries. It requires
signatories to adopt domestic legislation and other measures, as
well as co-operate with other countries.
The Convention adopts modern and effective crime prevention
methods, intended to deprive criminals of the proceeds and
instruments of crime, via international co-operation.
Convention signatories must appoint a central, national agency
as the financial intelligence unit ("FIU"). FIUs are
entitled to access financial, administrative and law enforcement
information in order to analyze suspicious transaction reports, as
well as execute other duties. To combat money laundering, FIUs
should directly communicate with their equivalents in other
countries, about requests within the scope of the Convention.
Turkey's financial intelligence unit is the Ministry of
Finance, Financial Crimes Investigation Board (MASAK).
The Convention will enter into effect in Turkey on the first day
of the fourth month after the accession instrument is deposited
with the Council of Europe's Secretary General.
Please refer to this link for the full text of the
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