The Financial Crimes Investigation Board (MASAK) announced the release of an updated version of the Suspicious Transaction Reporting Guide and Suspicious Transaction Reporting Form for Crypto Asset Service Providers operating within the scope of Capital Market Law No. 6362. Key highlights include:

• Released a reporting form tailored to the operational and transaction systematics of crypto asset service providers.

• Simplification of the reporting form to encompass all current financial technologies,

• Inclusion of sector-specific transaction and account types,

• Addition of new suspicious transaction types considering evolving and emerging crime typologies,

• Introduction of new categories for terrorist organization information and financing of weapons of mass destruction,

• Enhanced reporting quality with added control points in the explanation section,

• Updated reference value tables and revised codifications,

• New sections for identity verification types and intermediary financial institutions, and

• Mandatory selection of a suspicion category with newly added suspicion categories.

Starting from July 26, 2024, crypto asset service providers operating under the Capital Markets Law No. 6362 shall submit suspicious transaction reports following the procedures outlined in this guide.

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