It is expected that the legislation on cryptocurrency platforms will be issued in Turkey in the near future. Due to being a global concept, compliance of cryptocurrency platforms with the generally accepted frameworks and standards as well as local legislations is a must.
Authorities which passed these legislations want cryptocurrency platforms to have basic institutional standards and compliance with IT governance. We can support you from the beginning to the end of this journey, which aims to establish trust and be prepared for the legislations to be issued in the near future:
- IT audit
- Designing and defining organizational charts, organizational units, committees, job descriptions and key flows
- Establishment of internal control process, operational risk management and control activities
- Establishment of corporate governance policies and procedures
- Preparation of the Protection of Cryptocurrencies and Funds Policy and Cold Wallet Operation Procedure
- Establishment of internal control mechanisms, compliance program, risk management system, organization and functions in compliance with national and international legislation within the scope of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) and Know Your Customer (KYC) principles
- Establishment of fraud prevention process
- Preparation of Law on the Protection of Personal Data (KVKK) policy-procedures
- Preparation of outsourcing procedure
- Establishment of complaint response and customer relationship management processes
- Preparation of business continuity plans and procedures
- Creating detailed information system governance policies-procedures (preparing more than 20 policies and procedures)
- Identifying reporting needs