General Communiqué of the Financial Crimes Investigation Board is Published

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General Communiqué of the Financial Crimes Investigation Board (Serial No: 19) (“Communiqué”) was published in the Official Gazette dated 30.04.2021 and numbered 31470. Pursuant to the Communiqué, the procedures and principles regarding remote identification methods to be used to authenticate the client ID within the scope of the Law on the Prevention of Money Laundering Proceeds of Crime numbered 5549 (“Law No. 5549”) are set.

Significant rules introduced by the Communiqué are summarized below:

  • The obligors within the scope of the Communiqué may use remote identification methods for the establishment of continuous business relationship through the methods compatible with their primary field of operation and the legislation.
  • Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in Electronic Environment shall be applied to the continuous business relationships between the banks and their clients.
  • The tightened measures determined by the Communiqué shall be taken during the practice of remote identification methods.
  • The penalties stipulated in Law No. 5549 shall apply if the obligors do not comply with the rules regarding remote identification methods and “know your customer” procedures.

The Communiqué will enter into force on 01.05.2021.

You may find the Turkish version of the Communiqué here.

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