In June 2024, Türkiye was officially removed from the FATF Grey List (or Jurisdictions under Increased Monitoring) following its listing back in October 2021.
This delisting comes following Türkiye’s 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 plenary stated that the country had completed its Action Plans to resolve the identified strategic deficiencies within agreed timeframes. Türkiye will continue to work with the FATF and other partners to continue strengthening its AML/CFT/CPF regime.
In recent years, following a request from the Turkish authorities, the EU Global Facility team had conducted a scoping mission (February 2022) to assess the needs and demands of the partner country. As a result, the EU Global Facility on AML/CFT had designed a technical assistance work plan aimed at helping the country in improving its compliance with anti-money laundering and counter-terrorist financing standards. as defined under the European Commission’s Fourth and Fifth Anti-Money Laundering Directives.
This project is funded by the European Union.