Forum Replies Created
-
Posts
-
Further update from Business Turkey Today
Extract:
Sending Money by IBAN? Millions Face New Rules on March 15,2026
A new banking regulation affecting millions of users is about to take effect. The Financial Crimes Investigation Board (MASAK) is preparing to roll out a new system aimed at preventing unregistered money movements and stopping criminal proceeds from circulating through the financial system.
The system, which was previously scheduled to launch at the beginning of the year but was postponed, is now expected to come into force on March 15, 2026.
What MASAK’s New Regulation Aims to Do
The new framework focuses on tighter monitoring of high-value digital transfers while making money flows more transparent and traceable. Authorities also want to strengthen the fight against money laundering, illegal betting revenues, and informal financial activity.
Another key goal is to reduce the risks faced by individuals who allow others to use their bank accounts — commonly known as “account renting.”
The regulation will cover transactions made via internet banking, mobile banking, and ATMs.
Update from Business Turkey Today
Extract:
According to the draft communiqué published on the Ministry’s website, cash transactions ranging between 200,000 TL and 2 million TL will require the selection of a transaction type. If customers choose general options such as “other” or “personal payment,” they will be required to provide an explanation of at least 20 characters. It is also being discussed that the lower threshold of 200,000 TL may be increased to 400,000 TL.According to the information shared, starting in the new year, money transfers such as EFT, FAST, and wire transfers carried out via ATMs, mobile applications, or internet banking will be subject to a minimum explanation requirement of at least 20 characters.
Gradual Implementation Planned
Sector representatives will be consulted until December 31, after which the regulation is expected to be rolled out gradually. The planned transition dates for implementation are March 1 and July 1, allowing financial institutions time to adapt their systems.-
This reply was modified 2 months ago by
.
-
This reply was modified 2 months ago by .
-
This reply was modified 2 months ago by .
https://www.dailysabah.com/business/economy/turkiye-hikes-minimum-wage-by-27-for-2026 Extract:
Minimum wage in Türkiye will be increased by 27% in 2026, Labor and Social Security Minister Vedat Işıkhan announced on Tuesday.
The new net monthly minimum wage will rise to TL 28,075 (about $655.5), up from TL 22,104 this year, Işıkhan told a press conference in Ankara. The gross minimum wage will be set at TL 33,030, he said.
Işıkhan added that government support for the minimum wage would also rise, increasing from TL 1,000 to TL 1,270.
“With the new wage, we stand behind our promise of not letting our employees be crushed by inflation,” he said.
-
This reply was modified 2 months ago by
