Topic: Financial institutions

Highlights from the decisions of personal data protection board published on July 5, 2021.

A recently published Communiqué regulates the financing of projects for execution of public services.

The new regulations amending the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism published in the Official Gazette on May 1, 2021.

The Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in Electronic Media will enter into force on May 1, 2021.

The Regulation confirms that are crypto assets are not regarded prohibited goods.

The Ministry of Treasury and Finance of the Republic of Turkey amended the Capital Movements Circular.

In support of the United Nations Security Council’s decisions relating to the prevention of financing of weapons of mass destruction, certain amendments were made to the Turkish Commercial Code via the Law No. 7262.

Amendments to the Law on Financial Leasing, Factoring and Financing Companies regulates the new concept of savings finance companies to Turkey.

The Turkish Ministry of Treasury and Finance published a general communique relating to controversial “valuable residential real property tax.”

New rules regarding the conduct of arbitration and case management for arbitral proceedings submitted to the International Chamber of Commerce (“ICC”) entered into force.