Supervisors in Türkiye are better equipped to monitor and regulate businesses vulnerable to money laundering and terrorist financing, following a two-day training on risk-based supervision of Designated Non-Financial Businesses and Professions (DNFBPs).
Organised by the Council of Europe, in collaboration with the Financial Crimes Investigation Board (MASAK) on 25-26 February 2025 in Ankara, the training focused on practical tools and strategies for supervising high-risk sectors such as real estate businesses and dealers in precious metals and stones.
Participants included representatives from the Ministry of Treasury and Finance, the Financial Crimes Investigation Board, the Tax Inspection Board, and the Treasury Controllers Board. They gained insights into planning and conducting risk-based on-site supervision, risk profiling of obliged entities, sectoral risk assessment, and effective on-site supervision. The training also covered the methodology, engagement with entities, and compliance evaluation. Council of Europe experts provided guidance on post-inspection process, focusing on remediation, enforcement actions, and sanctions.
This interactive training concluded with productive discussions on supervisory needs and resources, leading to valuable conclusions on the key elements required for effective DNFBP supervision.
This activity was organised within the framework of the joint European Union and Council of Europe programme "Horizontal Facility for the Western Balkans and Türkiye " and its “Action against money laundering in Türkiye”.
