News and Publications

The Regulation on Amendment of Regulation on the Measures for Prevention of Laundering Proceeds of Crime and Terrorist Financing, effective as of 1 May 2021 (the “Amendment Regulation”), was published in Official Gazette numbered 31471 of even date.  The […]

Children, due to their limited life experience and propensity for risk taking relative to adults, are generally considered particularly vulnerable to online personal data intrusions and theft. Data from the National Center for Education Statistics of the United States […]

The Regulation on Not Using the Crypto Assets in Payments (“Regulation”) adopted by Türkiye Cumhuriyet Merkez Bankası (“Central Bank of Turkey”) has been published in the Official Gazette No. 31456 dated 16 April 2021. The Regulation is enacted based […]

The Personal Data Protection Board (“Board”) published the following nine new decision summaries on data controllers operating in several industries: (i) Summary of Decision No. 2021/111: Regarding the contact with the relatives of the debtor concerning the debt, the […]

The Personal Data Protection Board (“Board”) published the following ten new decision summaries on data controllers operating in several industries, predominantly banking: Summary of Decision No. 2020/504: Regarding the request of the relevant person to deliver the call center […]

Social Security Institution Circular, dated 1 April.2021, and numbered 2021/9 (the “Circular”), removes dismissal code “29 – Termination by the employer due to employee’s violation of the rules of ethics and goodwill,” regulated previously by Circular numbered 2013/11. In […]

The Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in Electronic Environment (“Regulation”) was published in the Official Gazette numbered 31441, on 1 April 2021. With the regulation, it became possible to […]

Foreword Since the first affordable home radios occupied a central place in living rooms around the world, consumers have sought ever more convenient and customizable ways to access media. Today, streaming services offer a once unimaginable level of consumer […]

Open Banking The ongoing global transformation from analog to digital began, arguably, with the invention of the first computer. For the purposes of this article, digital transformation refers to the integration of traditional business processes and digital technology.  The […]

1. Fintech Market  1.1 Evolution of the Fintech Market The Turkish fintech market has a significant number of participants of various sizes. Competitiveness notwithstanding, market players tend to co-operate with one another in keeping the marketplace fair. Consumers demand […]