Papara's Explanation of TMSF Trustee and the Fight Against Illegal Gambling

Response from Papara Regarding Illegal Betting Allegations

Papara made a statement regarding the allegations of money flow to illegal betting sites following the appointment of a trustee by the TMSF in Turkey.

Notification of Suspicious Accounts

In the statement, it was emphasized that suspicious accounts are regularly reported to the relevant authorities and that technical and administrative measures are being meticulously implemented to combat illegal betting.

Legal Framework

Papara stated that it operates in accordance with legal regulations such as the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions and the Law No. 5549 on the Prevention of Laundering Proceeds of Crime.

TMSF Trustee Process and Audits

As part of the illegal betting investigation conducted by the Istanbul Chief Public Prosecutor's Office, Papara has been appointed as a trustee by the TMSF, and a new board of directors has been established. The new management, along with ongoing inspections, has temporarily blocked suspicious accounts in coordination with the Financial Crimes Investigation Board (MASAK).

Audit and Control Mechanism

Papara continues its operations under a strict audit and control mechanism, monitoring suspicious accounts and making necessary reports. With the measures taken to combat illegal betting, the company aims to conduct secure transactions.

In the statement, Papara called for the public not to trust these news reports.