Foreign exchange office decision from the Ministry! Identity statement will be mandatory


According to the communiqué published in the Official Gazette, a change was made in the regulation that obliges identification in foreign exchange trading. Thus, an identity statement of $100 or more will be required.

Customers were asked for their identification number, passport number or tax number in foreign exchange buying and selling.

Thus, those who made transactions were recorded without any limit.

This regulation has been changed. Accordingly, identification will be mandatory for purchases and sales of $100 or more.

The communiqué on the regulation entered into force after being published in the Official Gazette.

IDENTITY REQUIREMENTS IN EXCHANGE TRADING

The statement included the following:

ARTICLE 1 – Included in the seventh paragraph of Article 18 of the Communiqué No. 32 on the Protection of the Value of the Turkish Currency published in the Official Gazette dated 30/1/2018 and numbered 30317 (Communiqué No: 2018-32/45) The term “persons” has been repealed.

ARTICLE 2 – The phrase “in all transactions” in the sixth paragraph of Article 20 of the same Communiqué has been amended as “for transactions exceeding 100 USD and/or its equivalent Turkish Lira”.

ARTICLE 3 – The phrase “determining transaction limits” has been added after the phrase “evaluating obligatory cases” in the first paragraph of Article 30 of the same Communiqué.

ARTICLE 4 – This Communiqué enters into force on the date of its publication.

ARTICLE 5 – The provisions of this Communiqué are executed by the Minister of Treasury and Finance.


Source: STAR.COM.TR by www.star.com.tr.

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