'Islamist' Turkey warns three banks to cooperate in fight against crime, terrorism. (HD).
Turkey has warned three banks and urged them to cooperate more effectively with the government to share transaction data “in the fight against terrorism,” Finance Minister Mehmet Şimşek said on Dec. 7.
“There are three banks that do not cooperate with the Financial Crime Investigation Board [MASAK] efficiently in the detection of dirty money and in the fight against terrorism. We have warned them,” Şimşek said, without naming the banks.
He stressed that it is of great importance in investigating and detecting crimes for MASAK to be informed by banks about suspicious banking transactions, adding that the fight against criminal financial transactions is crucial for Turkey to increase its international credibility and maintain its formal economy.
“I cannot give their names for privacy concerns, but there are three banks that are hampering cooperation with us in our war against crime and terrorism. We have warned them and now we expect them to build much more effective cooperation with us. They considered our earlier warnings, and I am sure they will cooperate more now,” Şimşek said. Hmmm....Now that the sanctions are going to be lifted there's no longer need to be "Iran's Lifeline". Read the full story here.
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