Which of the following statements is/are correct with reference to the “Preventing Financing of Proliferation of Weapons of Mass Destruction” act (Turkey)?

Answer & Explanation

Option: Both A & B

Explanation:

The Turkish parliament passed a bill that would increase the monitoring of civil society groups. The act is called “Preventing Financing of Proliferation of Weapons of Mass Destruction” and was proposed by president Recep Tayyip Erdogan’s ruling Justice and Development party in order to comply with UN Security Council’s recommendations to keep terror financing and money laundering in check. The Bill has come following the 2019 report on Turkey prepared by the intergovernmental body Financial Action Task Force (FATF) meant to fight money laundering and terror financing. The Bill gives the Turkish government the power to appoint trustees to non-governmental organisations (NGOs), to suspend their activities, seize their assets and monitor their sources of funding.