Financial crimes watchdog established

A bill that allows the establishment of the Financial Crimes Research Council and seeks to eliminate money laundering was passed by Parliament's General Assembly late on Wednesday. The new council will be

Informal financing business to be regulated by BDDK

The Banking Regulation and Supervision Authority (BDDK) has announced it would take action against informal business at leasing, factoring, and consumer financing sectors. BDDK chairman Tevfik Bilgin has stated that they would regulate and supervise these sectors as well, just as the banking sector