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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.
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