PREVENTING FINANCING OF PROLIFERATION OF WEAPONS OF MASS DESTRUCTION

About:

• The Bill has come following the 2019 report on Turkey prepared by the intergovernmental body Financial Action Task Force (FATF) meant to fight money laundering and terror financing.
  
  
• The bill consists of 43 articles and has made changes to seven laws on Turkey’s Law of Associations and is meant to keep Turkey from being blacklisted by the Paris-based watchdog of terror financing.
  
  
• The Bill gives the Turkish government the power to appoint trustees to non-governmental organisations (NGOs), to suspend their activities, seize their assets and monitor their sources of funding.