Türkiye is forming a working group under its Financial Crimes Investigation Board (MASAK), bringing together seven ministries and multiple institutions to tackle the financing of weapons of mass destruction (WMD).
President Recep Tayyip Erdoğan signed a directive to fight against WMD financing, urging all public institutions and organizations to cooperate, according to the March 29 issue of the country’s Official Gazette.
The MASAK board prepared a strategy for boosting the effectiveness of these efforts for 2025-29. The document was made in cooperation with relevant parties against chemical, biological, radiological, and/or nuclear weapons that pose serious national and international threats to security.
These weapons of mass destruction are directly linked to financial networks and economic structures, and fighting their financing directly contributes to combating terrorism and preserving peace.
Türkiye aims to boost the cooperation between authorized parties involved in combating WMD financing via the new working group, which includes representatives from the ministries of Foreign Affairs, Interior, National Defense, Energy and Natural Resources, Treasury and Finance, and Justice.
Additionally, representatives with technical expertise from the National Intelligence Organization (MIT), Banking Regulation and Supervision Agency (BRSA), the Capital Markets Board (CMB), and Nuclear Regulatory Authority will take part.
The working group will evaluate expert opinions, potential threats, vulnerabilities, and mitigation measures, while guidelines on combating WMD financing will be prepared and updated.
Türkiye also aims to cooperate with the private sector. In addition to awareness activities with private sector representatives, the aim is to develop measures against individuals and groups financing WMD, exchanges of intel, and the strengthening of international cooperation.
An action plan will be prepared for national risk assessment to eliminate the risks identified.
