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FATF places Turkey under surveillance for inaction on money laundering, terror financing
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  • FATF places Turkey under surveillance for inaction on money laundering, terror financing

FATF places Turkey under surveillance for inaction on money laundering, terror financing

Agence France-Presse • October 24, 2021, 16:33:22 IST
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“Serious issues remain” in Turkey’s controls over financial operations, FATF head Marcus Pleyer said as the body placed Turkey on its grey list of countries

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FATF places Turkey under surveillance for inaction on money laundering, terror financing

Paris: The global money laundering watchdog FATF placed Turkey under surveillance Thursday for shortcomings in combatting money laundering and terrorism financing. “Serious issues remain” in Turkey’s controls over financial operations, FATF head Marcus Pleyer said as the body placed Turkey on its grey list of countries under increased monitoring due to strategic deficiencies in their regimes to combat money laundering and terrorist financing.

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