Published in the Official Gazette: MASAK's Monetary Limits for Certain Transactions Have Been Increased.
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The Ministry of Treasury and Finance's "Circular on Amendments to the General Circular of the Financial Crimes Investigation Board" has been published in the Official Gazette and entered into force. According to this, retirement...
The circular amending the MASAK (Financial Crimes Investigation Board) General Circular has entered into force in the Official Gazette; limits have been increased for life insurance, prepaid card, electronic money issuance, and payment service transactions. The regulation provides those obligated to comply with the regulations with greater flexibility in these transactions.
MASAK (Financial Crimes Investigation Board) has increased the monetary limits within which simplified measures can be applied to prepaid card, electronic money, and mobile payment transactions. The new limits came into effect on September 23rd, with some thresholds being doubled. 🚆
With the regulation published in the Official Gazette, the balance and transaction thresholds for applying simplified identity verification to prepaid card, electronic money, and mobile payment transactions have been increased.
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