New Regulation on the Working Procedures and Principles of the Financial Crimes Coordination Board Published

The Regulation on the Working Procedures and Principles of the Financial Crimes Coordination Board (“Regulation”), prepared by the Ministry of Treasury and Finance, was published in the Official Gazette dated 12 March 2026 and numbered 33194. The Regulation aims to strengthen inter-institutional coordination in the fight against money laundering and the financing of terrorism, and regulates the duties, authorities, and working procedures of the Financial Crimes Coordination Board. The Regulation has been prepared pursuant to Article 232 of the Presidential Decree No. 1 on the Presidential Organization and entered into force on the date of its publication. On the other hand, the regulation bearing the same title regarding the functioning of the Board has been repealed.

Structure of the Coordination Board

Under the Regulation, the Financial Crimes Coordination Board is composed of senior representatives of the following institutions, under the chairmanship of the Deputy Minister of Treasury and Finance: the Deputy Minister of Treasury and Finance (Chair), the Deputy Head of the National Intelligence Organization, the Director General of Financial Markets and Foreign Exchange, the Head of the Tax Inspection Board, the President of the Financial Crimes Investigation Board (“FCIB”), the Director General of Criminal Affairs of the Ministry of Justice, the Director General of Intelligence and Security Affairs of the Ministry of Foreign Affairs, the Director General of Customs Enforcement of the Ministry of Trade, the Vice Chair of the Banking Regulation and Supervision Agency, and the Deputy Director General of the General Directorate of Security.

Representatives of other institutions and organizations may also be invited to the Board meetings, where deemed necessary, without voting rights.

Duties and Authorities of the Board

The main duties and authorities of the Coordination Board have also been determined as follows:

• Evaluating draft legislation regarding the prevention of money laundering and the financing of terrorism
• Enhancing operational cooperation among relevant institutions and organizations
• Determining national implementation strategies in this field
• Adopting guiding decisions to increase the effectiveness of implementation

In addition, Board members are responsible for monitoring the implementation of the decisions taken within their respective institutions and reporting the results to FCIB.

Meeting Procedures and Principles

The Regulation also sets out the working procedures of the Board:

• The Board will convene ordinarily twice a year (in April and September).
• The agenda and meeting date will be notified to the members at least 15 days in advance.
• The Chair may call an extraordinary meeting when deemed necessary or upon the written request of one of the members.
• The Board will convene with more than half of the total number of members with voting rights, and decisions will be adopted by majority of the members present.
• Members may not abstain from voting; in the event of a tie, the Chair’s vote will count as two votes.

Secretariat Services

The secretariat services of the Board will be carried out by the Presidency of FCIB.