
AI-generated summary
The Communiqué aims to determine the measures to be applied in transactions related to persons, institutions and organizations on the sanctions list of the United Nations Security Council. These measures are taken within the scope of the 'Law on Prevention of Laundering Proceeds of Crime', 'Law on Prevention of Financing of Terrorism' and 'Law on Prevention of Financing of the Proliferation of Weapons of Mass Destruction'.
The Ministry of Treasury and Finance has determined the measures to be applied in transactions against persons, institutions and organizations on the sanctions list of the United Nations Security Council (UNSC).
With the notification published in the Official Gazette, the scope and principles of the measures to be implemented in Turkey in line with the relevant listing decisions of the UNSC were regulated.
TRANSACTIONS WILL BE REPORTED TO MASAK
According to the regulation, obliged parties will be obliged to immediately notify MASAK of the transactions that individuals and organizations on the sanctions list wish to carry out and to take the necessary measures to postpone such transactions.
The purpose of the communiqué was explained as determining the measures to be taken within the framework of the "Law on Prevention of Laundering Proceeds of Crime", regarding the persons, institutions or organizations subject to the listing decisions within the scope of the "Law on the Prevention of Financing of Terrorism" and the "Law on the Prevention of Financing of the Proliferation of Weapons of Mass Destruction".
UNSC DECISIONS WILL BE ANNOUNCED ON MASAK'S WEBSITE
The relevant listing decisions of the UN Security Council, transmitted through the Ministry of Foreign Affairs, and information about the persons, institutions and organizations subject to these decisions will be published and announced on MASAK's website.
REGULATION ON LIABILITIES
The most important regulation of the Communiqué was regarding obligations. Accordingly, obliged parties will be obliged to immediately notify MASAK of the transactions intended to be carried out by the persons, institutions or organizations subject to the listing decisions in accordance with the relevant legislation and take the necessary measures to postpone the transactions.
The regulation was based on the provisions of the "Regulation on Measures for the Prevention of Laundering Proceeds of Crime and Financing of Terrorism" and the "Regulation on Postponement of Transactions within the Scope of Laundering Proceeds of Crime and Financing of Terrorism".

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