Turkey wants cooperation to find financial sources of terror

Turkish Finance Minister points out necessity of more cooperation over searching and eradicating financial sources of terrorism

Photo by: AA
Photo by: AA

Updated Jul 28, 2015

Turkish Finance Minister Mehmet Simsek said that Turkey and other countries who have been suffering from terrorism should improve the cooperation to find and eradicate financial sources of terrorism

Speaking at the opening ceremony of the EU Twinning Project of the Fight against the Financing of Terrorism and Money Laundering, Simsek stated that the tragedies related to terrorism could be ended with eradication of their sources.

“Turkey suffered from terrorism too much. The region has been suffering from terrorism as well. We should certainly work together and eradicate the finance of terror,” said Simsek.

Simsek also reminded that the Turkish Financial Crimes Investigation Board (MASAK) signed a memorandum of understanding with 48 countries across the world to work together against the finance of terrorism.

“Money laundering and the financing of terrorism are not simple crimes. Contrary, those are quite serious criminal activities that threaten national and global economies. They affect investments, employment and macro-financial stability in a negative way. In this context, a full-scale fight is necessary,” he stated.

Turkey’s Syrian border has recently been a scene for clashes between ISIS and the People’s Protection Units (YPG), the military wing of the Syrian Kurdish Democratic Union Party (PYD).

The PYD is considered by Turkey as the Syrian affiliate of the outlawed PKK which is recognised as a terrorist organisation by Turkey as well as the US, NATO and the EU.

ISIS, the PYD’s nemesis in northern Syria, has also been recognised as a terrorist group by the same bloc.

“Terror is terror no matter what source, nation, sect or origin it comes from. Therefore, every country and all people must cooperate. I appreciate the cooperation to be built between the EU, the U.K. and Turkey with this project,” added Simsek.

Turkey and the US-led coalition forces seem to have some differences in terms of priorities in northern Syria. Turkey is concerned with PYD activities in northern Syria along the Turkish border as much as it is concerned with ISIS activities.

However, the coalition is incomparably supportive of PYD activities against ISIS which has heavily been bombarded by the coalition in coordination with the PYD march.

TRTWorld and agencies