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Turkiye AML CFT Activities

In October 2021, the FATF added Türkiye to its list of the Jurisdictions under Increased Monitoring with regards to anti-money laundering and counter-terrorist financing (AML/CFT), also known as the “Grey List“.

Since then, Türkiye made a high-level political commitment to work with the FATF to strengthen the effectiveness of its AML/CFT regime. According to the FATF, Türkiye has taken positive steps towards improving its AML/CFT regime, including by undertaking more complex ML investigations and prosecutions in line with risks, and conducting parallel financial investigations in terrorism cases, including prioritising TF investigations and prosecutions related to UN-designated groups.

The FATF noted that “Türkiye should continue to work on implementing its action plan to address its one remaining strategic deficiency, specifically by confiscating assets related to terrorist financing consistent with its terrorist financing risk.”

Following a request from the Turkish authorities, the EU Global Facility team conducted a scoping mission in February 2022 to assess the needs and demands of the partner country. As a result, the EU Global Facility on AML/CFT designed a technical assistance workplan aimed at helping the country in rectifying the strategic deficiencies in its national anti-money laundering and counter-terrorist financing framework. as defined under the European Commission’s Fourth and Fifth Anti-Money Laundering Directives.

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Bilateral Activities

Starting date

May 2022

Topics:

Civil Society

Law enforcement and Intelligence

Regulation

  • Workshop (session 3/6) on Santions and Proliferation
  • Sanctions screening on Terrorism
  • Sanctions screening on Proliferation

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