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Türkiye to curb financing of weapons of mass destruction

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Türkiye is forming a working group underneath its Financial Crimes Investigation Board (MASAK), bringing collectively seven ministries and a number of establishments to deal with the financing of weapons of mass destruction (WMD).

President Recep Tayyip Erdoğan signed a directive to struggle in opposition to WMD financing, urging all public establishments and organizations to cooperate, based on the March 29 problem of the nation’s Official Gazette.

The MASAK board ready a technique for reinforcing the effectiveness of those efforts for 2025-29. The doc was made in cooperation with related events in opposition to chemical, organic, radiological, and/or nuclear weapons that pose severe nationwide and worldwide threats to safety.

These weapons of mass destruction are straight linked to monetary networks and financial constructions, and combating their financing straight contributes to combating terrorism and preserving peace.

Türkiye goals to spice up the cooperation between licensed events concerned in combating WMD financing by way of the brand new working group, which incorporates representatives from the ministries of Foreign Affairs, Interior, National Defense, Energy and Natural Resources, Treasury and Finance, and Justice.

Additionally, representatives with technical experience from the National Intelligence Organization (MIT), Banking Regulation and Supervision Agency (BRSA), the Capital Markets Board (CMB), and Nuclear Regulatory Authority will participate.

The working group will consider knowledgeable opinions, potential threats, vulnerabilities, and mitigation measures, whereas tips on combating WMD financing will likely be ready and up to date.

Türkiye additionally goals to cooperate with the non-public sector. In addition to consciousness actions with non-public sector representatives, the purpose is to develop measures in opposition to people and teams financing WMD, exchanges of intel, and the strengthening of worldwide cooperation.

An motion plan will likely be ready for nationwide danger evaluation to eradicate the dangers recognized.

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