ArmInfo. The international Financial Action Task Force (FATF) has included Turkey in the list of countries that need to be "monitored more closely," DW said. Inclusion on the FATF gray list means there are problems in the field of combating money laundering and terrorist financing.
Although Ankara has made significant progress in the fight against money laundering and terrorist financing in recent years, the country still faces serious problems in the Turkish authorities' control over financial institutions, FATF President Marcus Pleyer said on October 21.
In particular, Player recalled that Ankara has declared its determination to continue efforts to improve the fight against money laundering. He called on the Turkish government to "fulfill this commitment."
Ankara calls the FATF decision unfair Turkey protested against being included in the FATF list. The Turkish Foreign Ministry said the ranking was "unfair" and listed measures the government has taken to combat financial crime.
The so-called "gray list" of the FATF includes 39 states. According to the organization's classification, the governments of these countries are making insufficient efforts to combat money laundering and terrorist financing. In addition to Turkey, Jordan and Mali were added to the list. At the same time, Botswana and Mauritius were excluded from the ranking.
Inclusion in the FATF "gray list" may result in a loss of image for states and have a deterrent effect on foreign investors. The FATF's decision to include Turkey on the list came amid a severe economic crisis in the country, continuing devaluation of the Turkish lira and rising inflation.