content tagged with grey list

Turkey has been a member of the FATF since 1991 but was placed on the grey list in 2021 due to concerns over the effectiveness of its AML and CFT measures.

İYİ Party Chair Meral Akşener says, “If there is wide-scale money laundering in your country, terrorist groups obtain funding from your country and you do not struggle against these problems, you are put on the grey list.”

The Financial Action Task Force has downgraded Turkey to the grey list due to its shortcomings in preventing money laundering and terrorist financing. The Ministry of Treasury and Finance has criticized the decision in a statement.