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Archive: January 2020

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Preparation of data inventory

January 30, 2020

According to Regulation on Data Controller Registry (the “Regulation”), data controllers who are required to register with VERBİS (the data controllers’ registry system) must keep a data inventory, and upload the required information on VERBİS based on this inventory

Data breach notification under Turkish law

January 29, 2020

Under Turkish data protection rules, data controllers (including foreign data controllers) must notify the data subjects and the Data Protection Authority (the “DPA”) as soon as possible if personal data has been obtained by others through unlawful means.

Transparency International’s Corruption Perception Index of 2019 is released

January 27, 2020

Each year Transparency International (“TI”) scores countries and territories on how corrupt their public sectors are perceived to be.

Turkey introduce valuable residence, accommodation and digital services taxes

January 23, 2020

On December 7, 2019, a number of tax laws were amended with the Law No. 7194 on Digital Services Tax and Amendment to Certain Laws and Law Decree No. 375.

Non-US citizen convicted of violating the Foreign Corrupt Practices Act despite no practical ties to US

January 07, 2020

A jury in a federal court trial in Connecticut recently convicted Lawrence Hoskins, a former Alstom SA executive and United Kingdom national, for participating in a scheme to bribe government officials in Indonesia.

BiGa digital gold: Blockchain-based, physically-backed gold transfer infrastructure developed by Takasbank

January 02, 2020

Istanbul Clearing, Settlement and Custody Bank (“Takasbank”), which is authorized by The Central Bank of the Republic of Turkey for payment and security settlement systems under Law No. 6493 on Payment and Security Settlement Systems, Payment Services and Electronic Money Institutions, has been working on a new transfer infrastructure platform called BiGa – the abbreviation of ‘bir gram altın’, which stands for ‘one gram of gold’ in Turkish – since early 2018.