Turkey's progress in strengthening measures to tackle money laundering and terrorist financing

Follow Up Report Turkey-2022

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10 May 2022 - Since the 2019 assessment of Turkey’s measures to tackle money laundering and terrorist financing and its 2021 follow-up report, the country has taken a number of actions to strengthen its framework.

Turkey has been in an enhanced follow-up process following the adoption of its mutual evaluation in 2019. In line with the FATF Procedures for mutual evaluations, the country has reported back to the FATF on the action it has taken since its mutual evaluation and its subsequent follow-up report. Consequently, to reflect Turkey’s progress, the FATF has now re-rated the country on the following Recommendations:

23 - DNFPBs : Other measures - from partially compliant to compliant

24 - Transparency and beneficial ownership of legal persons - from partially compliant to largely compliant

25 - Transparency and beneficial ownership of legal arrangements - from partially compliant to largely compliant

Today, Turkey is compliant on 12 of the 40 Recommendations and largely compliant on 22 of them. It remains partially compliant on 4 Recommendations and non-compliant on 2 Recommendations.

Turkey will remain in enhanced follow-up and will report back to the FATF on progress achieved on improving the implementation of its AML/CFT measures in June 2023.

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