Pekin Bayar Mizrahi is a leading top-tier law firm located in Istanbul, Türkiye.
The firm was founded by Mr. Fethi Pekin, who was a former judge, in 1946. Ms. Sefika Pekin and Ms. Selin Bayar subsequently joined the firm. In time, the firm has broadened its areas of expertise and the sectors it advises; thereby becoming a “full-service” firm with a global reach. In 2021, its dispute resolution partner, Mr. Ergin Mizrahi, became a name partner and the firm changed its corporate name as Pekin Bayar Mizrahi.
With its local and international experience of 75 years, Pekin Bayar Mizrahi is now one of the largest law firms in Türkiye in both size and volume, employing around 60 fee earners. The firm also has liaison offices and affiliate counsels in numerous cities in Türkiye. The firm has international practice and its clients include States, large financial institutions, and transnational corporations from various sectors.
By the Regulation Regarding the Amendment to the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism published at the Official Gazette dated 1 May 2021 with no. 31471, ...
By the Regulation Regarding the Amendment to the Regulation on
Measures Regarding Prevention of Laundering Proceeds of Crime and
Financing of Terrorism published at the Official Gazette dated 1
May 2021 with no. 31471 (the
"Regulation"), crypto asset
service providers and saving finance
companies are now deemed to be one of the obligors within
the scope of the legislation on the prevention of laundering crime
proceeds and financing of terrorism.
Crypto asset service providers and saving finance companies are
now included in the definition of obligors under the Regulation. In
this context, the aforementioned companies, as of 1 May 2021, are
liable for the fulfilment of the obligations stipulated under the
Law on Anti-Money Laundering No 5549 and other relevant
legislation, including the obligations of conducting KYC
procedures, notifying suspicious transactions, periodically
reporting, retaining and submitting information, for the prevention
of laundering crime proceeds and financing of terrorism.
Nevertheless, the Regulation is silent on the definition of
'crypto asset service providers'.
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.
