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Turkiye Awaits Decision on Exiting FATF Grey List by June 28

International attention focuses on Turkiye’s potential removal from the Financial Action Task Force (FATF) grey list this week, pending assessment of its compliance with anti-money laundering and counter-terrorism financing standards.

Turkiye’s status on the grey list, which evaluates its compliance with combating financial crimes, will be decided on June 28 by the Financial Action Task Force (FATF). The FATF updates this list every three years, assessing global economies’ efforts against money laundering and terrorism financing. Turkiye was placed on the grey list in 2021 due to perceived shortcomings in these areas but has since aligned with 39 out of 40 standards.

Last month, a delegation from FATF visited Turkiye to evaluate its measures against money laundering and illegal financing.

Turkiye’s economic administration anticipates its removal from the grey list, which restricts investments from many international funds due to regulatory constraints.

Exiting the grey list would potentially open doors for these funds to invest in Turkiye.

Source: NTV / Prepared by Irem Yildiz

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