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Compliance Advisory

All financial institutions in the world have to comply with the rules determined by FATF (Financial Action Task Force), which is the policy-making institution in terms of preventing money laundering and financing terorism (AML/CFT). In this context, cryptocurrency sector, which includes a large transaction volume, is also subject to crypto compliance obligations.

Exchanges and other relevant institutions involved in cryptocurrency transactions are obliged to fulfill the crypto compliance obligations. Although these obligations are still blurred and regulations are in building process, certain rules are determined by FATF in the world and MASAK (Financial Crimes Investigation Board/Financial Intelligence Unit) in Turkey.

In this context, necessary technical assistance is provided for the implementation of AML/CFT regulations, the fulfillment of KYC (Know Your Customer) obligations and the creation of alarm concepts.