Turkey to stay of FATF naughty GREY STEP until 2023 [earliest]
Since the 2019 assessment of Turkey's measures to tackle money laundering and terrorist financing and its 2021 follow-up report, the country has taken many actions to strengthen its framework.
Turkey has been in an enhanced follow-up process following its mutual evaluation in 2019.
In line with the FATF Procedures for mutual evaluations, the country has reported to the FATF on its activities since its "mutual evaluation", and its subsequent follow-up 2022 report is here:-
Consequently, to reflect Turkey's progress, the FATF has now re-rated the country on the following Recommendations:
- 23 - DNFPBs: Other measures - from partially compliant to compliant
- 24 - Transparency and beneficial ownership of legal persons - from partially compliant to largely compliant
- 25 - Transparency and beneficial ownership of legal arrangements - from partially compliant to largely compliant
Today, Turkey is
- Compliant on 12 of the 40 Recommendations
- Largely compliant on 22 of them.
- Partially compliant with 4 Recommendations and
- Noncompliant on 2 Recommendations.
Turkey will remain in enhanced follow-up and will report back to the FATF on improving the implementation of its AML/CFT measures in June 2023.
- Mutual evaluation report Turkey 2019 = https://www.fatf-gafi.org/countries/s-t/turkey/documents/mer-turkey-2019.html
- Follow-up report Turkey 2021 = https://www.fatf-gafi.org/countries/s-t/turkey/documents/fur-turkey-2021.html
- 2022 FOLLOW UP REPORT = https://www.fatf-gafi.org/media/fatf/documents/reports/fur/Follow-Up-Report-Turkey-2022.pdf