Financial and non-financial measures in the Turkish law system in combating money laundering

Black money is a phenomenon as old as humanity and denotes the income acquired through criminal activities. Since the old times when people firstly contacted the money, they have attempted to legitimize the income derived from crime and employed several methods to this end. Ultimate purpose has always been laundering the money and integrating it into the economic system. Money laundering techniques have been dramatically increased in number and variety by means of rapidly changing and developing technology. In this study, we examine what it means black money and money laundering, techniques of money laundering, what kind of international regulations are in place on combating money laundering, the significance and content of international documents and bilateral agreements where our country is one of the joining parties, the status of money laundering act in Turkish Law, what are the necessary steps already taken and is to be taken to combat money laundering in our country.