The regulations which have been prepared by the Turkish Government contain measures which are necessary for the implementation of the Law. However, the aforementioned regulations were not enacted within the time-span mentioned in the Law, i.e. before 19 May 1997. The FATF Plenary expressed concern about the continuing failure to implement these regulations. It resolves to apply Recommendation 21 if these regulations are not in place by the time of its next meeting in September. Turkey's second mutual evaluation report was discussed at the FATF Plenary meeting in June 1999, and its delegation reported back in February 2000.
Further amendments require that banks identify third parties acting on behalf of legal persons.
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