Turkey’s Crackdown on Illegal Betting and Cryptocurrency Laundering
- Turkish authorities have taken legal action against over 233 suspects across 20 provinces, involving transaction volumes of TL 18 billion ($395 million).
- Since May 11, more than 670 suspects have been charged in four major raids, with cryptocurrency platforms identified as laundering channels.
- The operations are part of Erdoğan’s Action Plan for Combating Illegal Betting and Virtual Gambling for the years 2025-2026.
- MASAK is reviewing nearly 14 million pieces of user data related to gambling activities.
- Assets such as luxury vehicles and apartments were seized in connection with illegal betting activities.
The Turkish government has intensified its efforts against illegal betting and money laundering through cryptocurrency channels, executing a series of coordinated raids across multiple provinces. These operations align with a broader strategy to combat financial crimes threatening economic security.
With over TL18 billion ($395 million) involved in these transactions, the crackdown reflects Turkey’s commitment to enforcing its anti-money laundering policies effectively (Source).
