The Financial Crimes Investigation Board (MASAK) in Turkey has announced a new set of AML measures. In response to FATF’s AML demands, MASAK has developed a new condition for reporting non-commercial payments belonging to an individual. Individuals making offshore payments of more than $14,427 and less than $144,270 must upload them on MASAK database every day. Those making payments above the range must share them with MASAK a day before the payment. However, this does not affect corporate transactions and inter-financial institution transactions. In other news, the Securities and Exchange Commission (SEC) in Nigeria has developed a standardized investors’ data and consent form…

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