Glossary
MASAK (Financial Crimes Investigation Board (Türkiye))
MASAK (Mali Suçları Araştırma Kurulu) is Türkiye's financial intelligence unit, part of the Ministry of Treasury and Finance. Obliged parties file suspicious transaction reports (şüpheli işlem bildirimi) to it, and it issues sector guides and secondary regulation.
Why it matters for brokers and payment firms
MASAK's guide sets ten business days from the date suspicion is formed as the latest reporting time, and immediately where delay would be harmful. Records are kept for eight years.