14.12.2025 09:15
With the 11th Judicial Package announced by Minister of Justice Yılmaz Tunç, a fundamental change is beginning in the banking system. In the fight against illegal gambling, electronic payment accounts will not be able to be opened without biometric verification or a chip-enabled ID, and for high-value money transfers, additional security approval with a chip-enabled ID will become mandatory.
In recent weeks, it is expected that the 11th Judicial Package, which was approved by the TBMM Justice Commission, will be presented to the General Assembly of the Parliament in the last week of December, following the completion of budget discussions. The regulation, planned to come into effect in the new year, includes significant innovations in various areas, including the enforcement system, traffic fines, banking, and electronic payments.
MINISTER TUNÇ: A NEW ACTION PLAN WILL BE IMPLEMENTED
Justice Minister Yılmaz Tunç announced that a new action plan will be implemented due to the increasing illegal betting activities in Turkey, sharing details regarding the changes to be made in the 11th Judicial Package. In a statement on his social media account, Tunç noted that it will not be possible to open an account in electronic payment institutions without biometric verification or a chip-enabled ID. He also stated that if the regulation is enacted, comprehensive changes will be applied to money transfers made via IBAN.
DETAILED EXPLANATION WILL BE REQUESTED
On the other hand, with the implementation planned to come into effect on January 1, 2026, it has been learned that the Financial Crimes Investigation Board (MASAK) will request detailed explanations from users for all money transfers of 200,000 TL and above. Accordingly, regardless of whether the transactions are made through mobile, internet, or ATM channels, it will be mandatory to provide an explanation exceeding 20 words.
BIOMETRIC VERIFICATION, TRANSFER APPROVAL...
Under the new regulation, additional powers will also be granted to banks. For money transfers above a certain amount, banks may request additional security verification from users. For transactions exceeding the limits set by the Banking Regulation and Supervision Agency (BDDK), users will be required to approve the transfer via SMS confirmation, biometric verification, or chip-enabled ID card. The aim is to prevent fraud attempts with a dual-layer verification system and to stop unauthorized loans being taken out in users' names and money being transferred to other accounts.