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A memorandum of understanding between Türkiye’s Financial Crimes Investigation Board (MASAK) and the Vatican City State’s Supervisory and Financial Information Authority on cooperation in the exchange of financial intelligence regarding money laundering, related predicate offenses and the financing of terrorism has entered into force.
The memorandum, titled “Memorandum of Understanding on Cooperation in the Exchange of Financial Intelligence Regarding Money Laundering, Related Predicate Offenses and the Financing of Terrorism,” was put into effect by a presidential decree published in the Official Gazette.
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Under the memorandum, MASAK and the Vatican City State’s Supervisory and Financial Information Authority will act within the framework of cooperation and mutual interest.
The two institutions will facilitate the analysis of suspicious money laundering activities, related predicate offenses and terrorism financing in order to enable the exchange of information that may result in investigations and prosecutions initiated by the competent authorities in their respective countries.
Based on the principle of reciprocity, the units will freely share the broadest possible scope of existing or obtainable information, either spontaneously or upon request.
The presidential decree formally enacted the memorandum.
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