Topic: Compliance
Subscribe to ComplianceIncrease in monetary limits for know your customer requirements
February 15, 2023
Some of the monetary limits with respect to customer identification requirements and wire transfer limitations are increased to be effective as of February 1, 2023.
CJEU gives creditors additional enforcement mechanism
April 25, 2022
The CJEU's decision provides an additional enforcement mechanism to protect creditors of judgements issued by a non-Member State.
Norton Rose Fulbright announces alliance with Pekin Bayar Mizrahi in Turkey
October 22, 2021
Global law firm Norton Rose Fulbright has bolstered its client offering in Turkey by forming a new alliance with leading Turkish firm Pekin Bayar Mizrahi.
Global Rules on Foreign Direct Investment - Turkey
August 18, 2021
Increasingly, cross-border transactions are triggering foreign direct investment (FDI) screening requirements.
Returning to the workplace: Turkey chapter in a global comparative survey
September 01, 2020
As Turkey’s economy continues to respond to the challenges posed by the COVID-19 global pandemic, domestic and international companies are seeking a safe return to full operations in the country.
US President issues Executive Order expanding sanctions relating to China and revoking Hong Kong’s preferential status
August 12, 2020
On July 14, 2020, US President Donald Trump issued Executive Order 13936 (the “Order”), which authorizes the imposition of sanctions on additional persons determined to be involved in China’s new national security law (the “National Security Law”) and revokes Hong Kong’s preferential trade treatment.
Notable developments: Communiqué on the implementation of digital services tax entered into force
April 14, 2020
A digital services tax entered into force in Turkey on March 1, 2020. Pursuant to the Law No. 7194 on Digital Services Tax and Amendment to Certain Laws and Law Decree No. 375 (the “Law”) promulgated in December 2019.
Details of the commercial electronic communication management system are introduced
April 08, 2020
Amendments to the Regulation on Commercial Communications and Commercial Electronic Messages (the “Regulation”) were published in the Official Gazette on January 4, 2020.
Sensitive data under Turkish data protection law
March 02, 2020
Personal data relating to race, ethnic origin, political opinion, philosophical belief, religion, religious sect or other belief, clothing and appearance, membership in associations, foundations or trade-unions, data concerning health, sexual life, criminal convictions and security measures, biometric and genetic data are defined as sensitive data in Turkish data protection legislation.
Expanded reviews of US in-bound investments
February 28, 2020
The US government will vet more foreign investments in US companies and assets starting February 13.
