Wire · regulatory
Turkey's central bank revokes license of Papel payments company amid money laundering case
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Fusion42 · 23 September 2026 · Fusion42 review
Turkey's central bank revoked the electronic money institution license of Papel, a payments company implicated in a major money laundering investigation linked to illegal betting and fraud. The move follows a wider crackdown involving police raids, asset seizures, and indictments of 44 suspects, signaling heightened regulatory enforcement in Turkey's fintech sector.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a tougher regulatory environment in Turkey's fintech space as the central bank moves to revoke licenses over money laundering ties. Get your compliance and monitoring systems ready to avoid sudden shutdown and reputational damage.
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1 source · 23 Sep 2026
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