Monetary Thresholds for Identity Verification in Financial Transactions Doubled
With a decision published in the Official Gazette, the limits for identity verification in financial transactions have been increased; the general limit became 370 thousand TL, and the transfer limit became 30 thousand TL.
With a Presidential Decree published in the Official Gazette, amendments were made to the Regulation on Measures Regarding the Prevention of Laundering Proceeds of Crime and Financing of Terrorism, doubling the monetary thresholds for identity verification in financial transactions.
A New Era Started with the Official Gazette Decision
The monetary thresholds applied for identity verification in financial transactions have been doubled. With the Presidential Decree published in the Official Gazette dated October 7, 2026, amendments were made to the regulation on measures applied in the laundering of proceeds of crime.
General Transaction Limit Raised to 370 Thousand Liras
The general monetary threshold in the section of the regulation concerning identity verification was raised from 185 thousand TL to 370 thousand TL. When the transaction amount or the total of interconnected transactions exceeds this amount, identity verification is required.
Electronic and Crypto Asset Limits
The identity verification threshold for electronic transfers was raised from 15 thousand TL to 30 thousand TL. The 15 thousand TL thresholds applied in relevant transactions regarding crypto asset service providers were updated in the same manner.
Verification and Signature Processes
Financial institutions may not collect a specimen signature for certain transactions when verification is made through internet or mobile service channels. The method must be appropriate to the nature and risk level of the transaction.