THE “Automatic Information Transfer” agreement signed between the member countries of the European Security and Cooperation Organization (OSCE) for tax evasion and money laundering will affect Turkish Citizens receiving aid in Europe.
According to the “Automatic Transfer of Information” agreement reached between the member countries of the Organization for Security and Cooperation in Europe (OSCE), a member country will provide the bank information of its citizens to other member countries on condition that it is requested. In this development, if you have assets or income from Turkey but your receiving income or benefits from the UK government, you may face legal sanctions.
As on 31st of December, all Turkish people living in the UK must share their financial assets, golds and incomes from Turkey to the UK government.