In 2021, Turkey was placed on the “grey list” by the FATF due to concerns about money laundering and terrorist financing. However, after recent meetings with Turkish authorities, the FATF acknowledged Turkey’s significant progress in addressing these issues.
The Paris-based body noted that Turkey has made strides in improving its anti-money laundering and terrorism financing regime. This move is expected to enhance Turkey’s international reputation and attract new investments.
Currently, there are approximately two dozen countries on the FATF’s “grey list” deemed as risky for financial crimes. Notably, the United Arab Emirates was removed from this list in February.