This guide was prepared to set out the procedures and principles for reporting suspicious transactions for obliged parties (other obliged parties) other than the obliged groups individually listed in the first paragraph of Article 4 of the Regulation on Measures for the Prevention of Laundering Proceeds of Crime and Financing of Terrorism and shown below.
- The Central Bank of the Republic of Türkiye, development and investment banks,
- Posta ve Telgraf Teşkilatı A.Ş. (PTT), limited to its banking activities,
- Capital markets intermediary institutions,
- Insurance and pension companies,
- Factoring, financing and financial leasing companies,
- Authorized institutions specified in foreign exchange legislation.
Scope:
The guide sets out the principles and procedures for how obliged parties should submit suspicious transaction reports.
The guide describes the processes for sending suspicious transaction reports and gives detailed information on how to fill in suspicious transaction report forms.
You can access the details of the guide from the link below:
https://masak.hmb.gov.tr/sektorel-sib-rehberleri
Key principles in the guide
A suspicious transaction report is based not on the amount of the transaction but on its nature and its deviation from the customer's usual behavior. The obliged party must report without delay once a suspicion arises.
The confidentiality of the report is important: no information is given to the customer or third parties. Institutions define the reporting process, responsible persons and record-keeping method in their internal procedures.
The guide offers different sample indicators for each obliged group and supports risk assessment.
