Is there a requirement for documentation to withdraw money? There is a statement from MASAK.

As of January 1, 2025, it has been suggested that a new era will begin for banking transactions, and that official documents showing the source will be required for cash deposit and withdrawal transactions.

RESPONSE TO ALLEGATIONS FROM MASAK

The statement regarding the news that appeared on some news sites came from MASAK. The Financial Crimes Investigation Board reported that there is no plan to initiate a practice requiring supporting documents during cash deposits to banks or cash withdrawals from banks.

"WORK IS BEING CARRIED OUT WITH DILIGENCE"

In the statement, it was noted that "The Financial Crimes Investigation Board is diligently and carefully continuing its efforts to combat the informal economy, money laundering, and the financing of terrorism.

"SUCH A PRACTICE IS NOT UNDER CONSIDERATION"

While the reduction of cash usage in economic activities is a desired situation, it was stated that "there is no plan to initiate a practice requiring supporting documents during cash deposits to banks or cash withdrawals from banks starting from January 1, 2025."