The upcoming Feb. 9 meeting of the Financial Action Task Force (FATF), the global standard-setting body for anti-money laundering and combating the financing of terrorism (AML/CFT), is of importance for Turkey.
Since February 2012, Turkey has been on a gray list “composed of countries with strategic deficiencies in their AML/CFT regimes that have provided a high level political commitment to address these deficiencies through implementation of an action plan developed with the FATF.” While Turkey has been lobbying to get off the list, it looks like it will be staying on it.
