Financial intelligence officials and representatives of the supervisory authorities of Türkiye came together at two trainings on implementation of targeted financial investigations.
The trainings aimed at enhancing understanding over the measures to improve effectiveness and technical compliance with international standards which require putting in place appropriate mechanisms for depriving terrorists, terrorist organizations and terrorist financiers of resources and means, and to prevent and suppress proliferation of weapons of mass destruction and its financing.
The training sessions provided an opportunity to refresh the knowledge on international standards and share good practices and experience. Through presentations and practical exercises, the international experts discussed with the participants the effective national coordination mechanisms and interagency cooperation; challenges to supervision and monitoring of enforcement of international sanctions; definition, importance and recognition of strategic material; and money laundering linked to proliferation, sanctions evasion and brokering. Representatives of MASAK, Financial Intelligence Unit of Türkiye, updated the participants about Türkiye’s legal and institutional framework to implement targeted financial sanctions and the developments in this regard.
The workshop was organized within the EU/Council of Europe Horizontal Facility II: Action against Economic Crime in South East Europe and Turkey – Regional Project.