On Monday, Mehmet Şimşek, Minister of the Treasury and Finance, declared that proxy bank accounts enabling transactions to illegal betting and gaming sites could soon be eradicated.
Providing an update on investigations and enforcement carried out by the Financial Crimes Investigation Board (MASAK), Şimşek confirmed that in 2025 the financial intelligence unit halted the circulation of TL5bn (€100m) in illicit proceeds within Turkey’s financial system.
Şimşek stated: “Illegal betting organisers have recently started using bank, payment, electronic money and cryptocurrency accounts belonging to third parties.
“I would like to strongly remind our citizens that renting or allowing others to use their accounts under pretexts such as ‘escrow’, ‘temporary use’, or ‘for commission’ constitutes participation in illegal betting..