In recent times, sales of gold cut into thin strips have increased. The Ministry of Treasury and Finance has taken action to prevent the grievances caused by cut gold. The Ministry of Treasury and Finance has initiated efforts to prevent abuses related to cut gold, which has seen an increase in trading recently. In order to enhance the fight against illicit economic activities in line with the compliance with the Financial Action Task Force (FATF) standards in Turkey and the reliability of the financial sector, various measures are being taken by the Ministry. Steps will also be taken in the precious metal sector within this scope. Following the regulations made with printed precious metals, an increase in sales of products described as drawn gold or cut gold, which are created by thinning and cutting gold in various shapes, has been observed. It was evaluated that the sales of these products to consumers who make purchases for investment purposes are prone to abuse due to being sold in very small amounts and the lack of any standard. Legislation has been completed to define these products without any standard and to determine the principles and procedures for buying and selling domestically. “ADDITIONAL STEPS WILL BE TAKEN” Treasury and Finance Minister Mehmet Şimşek stated that efforts to prevent informality in the precious metal market are being decisively continued by the Ministry and additional steps will be taken as the work is completed. Şimşek said: “Just as we strengthen our measures to prevent informality in various markets and sectors, we are also increasing supervision on gold products to protect consumers. With our regulation, we aim to eliminate uncertainty in the sector and increase compliance with international standards in gold trade.”