FATF has removed Turkey from the grey list! Now, the way is clear for investments.

The General Assembly meeting of the Financial Action Task Force (FATF) in Singapore has ended. Turkey has been removed from the grey list after 3 years.

Minister of Treasury and Finance Şimşek shared the news of Turkey's removal from the FATF grey list with the message "We did it" before the official announcement. After Şimşek's announcement, all eyes turned to the meeting in Singapore. As expected, the decision was made and Turkey has been removed from the grey list it entered in 2021.

ALL 40 STANDARDS HAVE BEEN MET

With the crypto regulation accepted in the Parliament, Turkey has met all 40 standards determined by the FATF. In the statement made by the FATF, it was stated that "The FATF General Assembly congratulates Jamaica and Turkey for the significant progress they have made in addressing the strategic deficiencies identified through mutual evaluations in the areas of anti-money laundering and combating the financing of terrorism."

TURKEY WILL NO LONGER BE SUBJECT TO ENHANCED MONITORING

The statement also mentioned that "These two countries, by completing their action plans and addressing the identified strategic deficiencies within the agreed time frame, will no longer be subject to the FATF's enhanced monitoring process." The FATF General Assembly meetings, which lasted for a week, were attended by delegates representing over 200 governments and observer organizations including the United Nations, World Bank, International Monetary Fund, INTERPOL, and the Egmont Group of Financial Intelligence Units.

More details are coming...