A Russian court sentenced Sagid Murtazaliev, former head of Dagestan's Pension Fund and Olympic wrestling champion, to life imprisonment in absentia for orchestrating a murder, attempted murder, and financing an illegal armed group. He is currently on an international wanted list.
Şimşek highlights financial innovation's risks, especially crypto assets and stablecoins, in terrorism financing. He stresses consistent FATF standard implementation and Turkey's proactive AML/CFT measures, including crypto ATM bans and transfer limits.
French President Emmanuel Macron has called for the regulation of cryptocurrencies, warning they are increasingly used for terrorism and organized crime financing. Speaking at the "No Money for Terror" conference in Paris, he urged an end to the "Wild West" of unregulated digital assets, emphasizing the need for transparency to combat illicit flows.
US Treasury Secretary Scott Bessent called on G7 leaders at a Paris conference to help combat Iranian terrorism by targeting its financing. He proposed a new framework for "aggressive and targeted" sanctions, emphasizing the need for defined timelines and reviewing outdated designations to focus on sophisticated evasion schemes.
