Turkey removed from money laundering grey list

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The global financial crime watchdog Financial Action Task Force (FATF) has removed Turkey from its “grey list” of countries that requires special scrutiny, the country’s Finance and Treasury Ministry said on Friday.

Turkey's Finance Minister Mehmet Simsek addresses a press conference to unveil a savings measures package in Ankara, Turkey, May 13, 2024. REUTERS/Umit Bektas/File Photo

“As a result of the steps taken in the right direction, Turkey has been removed from the grey list,” said the ministry in a statement. The ministry stressed that in this regard, the administrative and technical capabilities of Financial Crimes Investigation Board and other relevant institutions will be further enhanced, legal and administrative regulations will be promptly implemented as needed.

 

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