Turkey Removed from FATF Grey List After Major Reforms
International watchdog acknowledges Turkey's significant progress in combating money laundering and terrorist financing.
- Turkey's removal from the grey list is expected to boost foreign investment and economic confidence.
- The Financial Action Task Force cited Turkey's strengthened anti-money laundering and counter-terrorism financing measures.
- Turkey had been on the grey list since 2021 due to deficiencies in its financial oversight systems.
- Turkish officials anticipate positive impacts on both the financial and real sectors.
- Monaco and Venezuela were newly added to the grey list, while Jamaica was also removed.