Papara crashed, why isn't it opening? Papara access problem is on the agenda once again


In the operation carried out by the Istanbul Chief Public Prosecutor's Office, a trustee was appointed to Papara and access to the application was blocked for a while. Papara did not crash or close, but temporary access restrictions continue due to the trustee/foundation process.

Papara had made a statement regarding the blockages in the accounts. The following statements were used in the statement: "Papara Elektronik Para A.Ş., as a financial payment institution, is responsible for ensuring the secure operation of the system and detecting illegal transactions and reporting them to the relevant institutions in accordance with the relevant legislation, especially the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions and the Law No. 5549 on Prevention of Laundering Proceeds of Crime.

As is known, within the scope of the illegal betting investigation conducted by the Istanbul Chief Public Prosecutor's Office, the Savings Deposit Insurance Fund (TMSF) has been appointed as a trustee to our Company and a new Board of Directors has been established. Within the scope of the investigation in question, in order to detect suspicious transactions, first of all, the Central Bank of the Republic of Turkey (TCMB), which we are subject to, has imposed limits on our Company's transactions. Simultaneously, within the scope of the investigations conducted by the new Management with the instructions and coordination of the Financial Crimes Investigation Board (MASAK), a temporary block has been applied to some accounts that were determined to be suspicious. The temporarily blocked accounts are being examined in detail and the blocks on the accounts determined to be unrelated to the investigation subject will be gradually lifted, and the suspicious accounts will be reported to the relevant institutions within the scope of the legislation. In this process carried out under the coordination and supervision of state institutions, utmost care is taken to ensure that no abuse is tolerated and no user is victimized. Intensive work is being done to complete the process as soon as possible and to ensure that all our users have uninterrupted access to financial services. Developments will continue to be shared in a highly transparent manner.
ntv