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Carat

Regulatory Updates

Legislation does not change all at once; it builds up carat by carat.

A carat is the name for weight that builds up over time, not all at once. Legislation changes the same way: a communiqué (tebliğ), a circular (genelge), a decision.

Here you will find short notes: what a newly issued regulation introduces, what it changes and whom it concerns.

15 posts
049

15 October 2026 · 2 min · M. Abdullah Türkkan

Remote identification of foreigners by passport

Under the new Article 4/C added to the General Communiqué of the Financial Crimes Investigation Board (Mali Suçları Araştırma Kurulu, MASAK), persons who are not Turkish nationals can be identified remotely by video call using a chip-enabled passport.

048

15 October 2026 · 2 min · M. Abdullah Türkkan

2026 sanctions for unauthorised foreign currency trading

According to the Ministry's announcement, the 2026 administrative fine for unauthorised purchase and sale of foreign currency ranges from TRY 719,030 to TRY 3,595,198; operations at the business premises are also suspended.

047

15 October 2026 · 2 min · M. Abdullah Türkkan

MASAK's suspicious transaction guide for rented accounts

MASAK has published a guide giving sector-specific risk indicators for detecting rented accounts to ten groups of obliged parties (yükümlü), including jewellers and authorised institutions (yetkili müessese).

046

15 October 2026 · 2 min · M. Abdullah Türkkan

MASAK identification threshold now TRY 370,000

The identification thresholds in the Regulation on Measures have doubled: the general threshold is TRY 370,000, and TRY 30,000 for electronic transfers and crypto assets.

045

15 October 2026 · 2 min · M. Abdullah Türkkan

MASAK's Suspicious Transaction Guide for Hawala

MASAK has published a guide containing sector-specific risk indicators for hawala and similar value transfer systems that constitute unauthorised payment services.

044

15 October 2026 · 2 min · M. Abdullah Türkkan

Physical Gold Conversion Communiqué Repealed

The CBRT fully repealed Communiqué No. 2022/11, which allowed physical gold to be converted into a Turkish lira account at a bank, on 22 August 2026.

018

5 September 2026 · 3 min · M. Abdullah Türkkan

Compliance officer is now a licensed profession

An examination, licence and registry requirement has been introduced for compliance officers; the licence is conditional on attending renewal training every three years.

017

26 August 2026 · 2 min · M. Abdullah Türkkan

The regime in force for authorised institutions — and the four rules most often overlooked

The current state of the licensing regime for authorised institutions and the four rules most often overlooked in practice — the USD 100 threshold is one of them.

016

16 August 2026 · 2 min · M. Abdullah Türkkan

KMTS at refineries and a new concept: digital precious metal

The Precious Metals Tracking System (KMTS) requirement now applies to refineries under evaluation; digital precious metal has become possible with the Ministry's favourable opinion.

015

6 August 2026 · 2 min · M. Abdullah Türkkan

Labelling of synthetic stones is now mandatory

Synthetic stones must now be clearly identified on labels, certificates, invoices, websites and in advertising, and displayed in a separate section.

014

27 July 2026 · 1 min · M. Abdullah Türkkan

Cash declaration threshold: TRY 185,000

The declaration threshold for taking Turkish currency abroad as a passenger has been set at TRY 185,000; the EUR 10,000 threshold for foreign currency banknotes (efektif) is unchanged.

013

17 July 2026 · 1 min · M. Abdullah Türkkan

In sales of movable property, the price may be agreed in foreign currency — except vehicles

In sales contracts for movable property between persons resident in Türkiye (Türkiye'de yerleşik kişi), the price can be agreed in foreign currency; the restriction continues for vehicle sales.

012

7 July 2026 · 2 min · M. Abdullah Türkkan

35% of export proceeds is sold to the Central Bank — the period ends in January

The requirement to sell at least 35% of export proceeds linked to an İBKB or DAB to the bank has been extended until 31 January 2027.

011

27 June 2026 · 1 min · M. Abdullah Türkkan

90-day notice served by SMS: Constitutional Court finds a violation

The Constitutional Court held that the right to a reasoned decision had been violated because the objection that the 90-day notice had been served by SMS was not addressed.

010

17 June 2026 · 2 min · M. Abdullah Türkkan

The scope of foreign exchange rules has widened: refining and purchase and sale

Law No. 7555 has added refining and purchase and sale to the foreign exchange regulatory power; the activities requiring authorisation and the sanctions have been rewritten.