Turkey

Compliance Benchmark: Quantifying the Fundamentals

Various countries and their compliance-enforcing agencies request that companies have "adequate" compliance programs and organizations. But what does that mean? One option to determine...

MedTech Europe recommends phasing out conference sponsorship for Healthcare Professionals by 2018

In late 2014, the trade associations for the Med-Tech and Diagnostics industries in Europe have recommended phasing out by 1 January 2018 all direct...

Social Media Survey – How Corporates Engage and Manage Risks

Baker & McKenzie has released its first global client survey on Social Media. Based on the responses from international clients across a range of 14...

OECD’s Foreign Bribery Report released: Three-fourths of cases involved intermediaries

The Organization for Economic Cooperation and Development (OECD) on December 2, 2014 released its first-ever analysis of anti-bribery on a global scale. 427 transnational...

Transparency International Launches the Latest Corruption Perceptions Index 2014 – China Loses Ground

On 3 December 2014, Transparency International ("TI") launched its latest Corruption Perceptions Index ("CPI") 2014. The CPI ranks countries and territories based on how corrupt their...

Only Four Countries Actively Enforce OECD Anti-Bribery Convention

On 23 October 2014, Transparency International published a report which analyzed the enforcement of the the Organisation for Economic Co-operation and Development’s Anti Bribery...

Turkey seeks to impose criminal liability on foreigners’ unauthorized capital markets activities

The Turkish Capital Markets Board (the “CMB”) recently initiated criminal proceedings under Article 109/2 of the Capital Markets Law (the "CML") against a foreign...

Recent Compliance Updates and Important Investigations in Turkey

The years 2013 and 2014 have witnessed significant developments in compliance activities in Turkey. Many amendments have been introduced in the major compliance regulations....

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