Turkish Finance Minister announces tougher measures on fraud, illegal betting
Police examines stacks of cash seized during a raid targeting illegal betting operations. (AA Photo)
Treasury and Finance Minister Mehmet Simsek Thursday announced intensified measures in the fight against fraud and illegal betting operations, including the confiscation of assets belonging to those found guilty of illegal gambling activities.
The Financial Crimes Coordination Board convened on Nov. 27 in Ankara under the leadership of the Ministry of Treasury and Finance. The meeting brought together senior representatives from the Ministries of Justice, Family and Social Services, National Education and Trade, as well as officials from the National Intelligence Organization (MIT), the Financial Crimes Investigation Board (MASAK), the Tax Inspection Board, the Revenue Administration, and other regulatory and law enforcement bodies.
The discussions focused on formulating new strategies to combat fraud and illegal gambling. This includes implementing action plans coordinated by MASAK, strengthening national cooperation and addressing crimes committed in virtual environments.
Other key topics included seizing proceeds from criminal activities and bolstering preventive measures.
‘AI-powered detection systems to be deployed’
Following the meeting, Minister Simsek emphasized the importance of strict adherence to action plans through systematic monitoring and reporting in an interview with an Anadolu Agency (AA) correspondent.
Simsek underscored that combating fraud, illegal betting and gambling crimes will align with national security policies and legal frameworks.
“To monitor fraudulent activities, illegal betting, and gambling operations conducted online, special software and AI-powered detection systems will be deployed,” Simsek said.
“Collaboration with international security and judicial institutions will be deepened to tackle global criminal networks involved in organizing these activities. Furthermore, financial institutions will be required to implement additional measures to deter money laundering from these crimes. Institutions that fail to comply with these preventive measures will face penalties,” Simsek noted.
