Türkiye freezes assets of 58 individuals, organizations linked to terrorism financing

The government has frozen the assets of 58 individuals and organizations within the country, citing their involvement in activities related to the financing of terrorism.

The decision, authorized by the Ministry of Treasury and Finance, was officially published in the Turkish Official Gazette and has taken immediate effect.

Legal basis for asset freezes: Terrorism financing law

According to the decision, made under the Türkiye’s “Law on the Prevention of Financing of Terrorism,” assets were frozen based on “reasonable grounds” that these individuals and entities engaged in activities that fall under the crime of financing terrorism.

PKK/KCK/YPG and MKP affiliates among those affected

The decision impacts various people and organizations linked to the terrorist organizations PKK//YPG, Gulenist Terror Group (FETO)/PDY and MKP.

The ministry has also frozen the assets of 20 individuals and 18 entities linked to the FETO/PDY terrorist organization.

These assets were seized under the same legal framework, with the authorities asserting that these individuals and organizations were involved in financing terrorism.

Asset freezes lifted for two individuals

On a related note, the asset freezes on Yunus Emre Sarban and Sevda Vural, initially imposed because of accusations of terrorism financing, have been lifted.

The decision was based on the determination that the “reasonable grounds” for their asset freeze no longer exist.

The list of individuals and organizations affected by these asset freezes has been published in the Official Gazette, providing a detailed account of those involved.

The move represents a continued effort by Turkish authorities to clamp down on terrorism financing within the country.

The decision to freeze these assets was signed by Minister of Interior Ali Yerlikaya and Minister of Treasury and Finance Mehmet Simsek.