PANews reported on September 30th that Bloomberg News reported that Turkey is preparing to give its financial crime regulator, the Financial Crimes Investigation Agency (Masak), greater powers to freeze and restrict access to bank and cryptocurrency accounts as part of its fight against money laundering and financial crime. Sources familiar with the matter said the proposed measures, which align with anti-money laundering standards set by the Financial Action Task Force (FATF), are expected to be implemented through a bill submitted to parliament. If approved, the new regulations would empower Masak to close accounts suspected of illegal use, impose transaction limits, suspend mobile banking accounts, and blacklist cryptocurrency addresses linked to crime. The bill, still under draft, primarily targets the practice of "renting" accounts, where criminals pay to use someone else's account for illegal gambling and fraud. These changes are expected to be included in the 11th judicial package and submitted for review in the new legislative year. The regulations may be revised and may not necessarily be passed in their current form.PANews reported on September 30th that Bloomberg News reported that Turkey is preparing to give its financial crime regulator, the Financial Crimes Investigation Agency (Masak), greater powers to freeze and restrict access to bank and cryptocurrency accounts as part of its fight against money laundering and financial crime. Sources familiar with the matter said the proposed measures, which align with anti-money laundering standards set by the Financial Action Task Force (FATF), are expected to be implemented through a bill submitted to parliament. If approved, the new regulations would empower Masak to close accounts suspected of illegal use, impose transaction limits, suspend mobile banking accounts, and blacklist cryptocurrency addresses linked to crime. The bill, still under draft, primarily targets the practice of "renting" accounts, where criminals pay to use someone else's account for illegal gambling and fraud. These changes are expected to be included in the 11th judicial package and submitted for review in the new legislative year. The regulations may be revised and may not necessarily be passed in their current form.