ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Europe

FATF places Turkey on grey list for failing to check terror financing

Paris [France], October 21 (ANI): Financial Action Task Force (FATF) on Thursday placed Turkey on its grey list for failing to check terror financing.

ANI Oct 21, 2021 22:12 IST googleads

Turkish President Recep Tayyip Erdogan

Paris [France], October 21 (ANI): Financial Action Task Force (FATF) on Thursday placed Turkey on its grey list for failing to check terror financing.
"Turkey had a mutual evaluation, assessment in late 2019. The report outlined a large number of serious issues regarding Turkey's effort to prevent and combat money laundering and terrorist financing. Since then, Turkey has made some progress across all areas of concern, however, serious issues remain," said FATF president Dr Marcus Pleyer.
"This includes issues concerning supervision, in particular high-risk sectors such as banks, precious stone dealers, and real estate agents," said Pleyer.
Three countries were added to the grey list: Jordan, Mali and Turkey.
He also took notice of Turkey's clampdown on non-profit organisations (NPOs).
"The FATF is aware of human rights groups' concerns about Turkey treatment of non-profit organisations (NPOs). Turkey needs to implement a truly risk-based approach to NPOs and ensure authorities don't disrupt or discourage legitimate activity," said Pleyer.
FATF president also advised Turkey to effectively tackle complex money-laundering cases.
"Turkey needs to show it is effectively tackling complex money-laundering cases and show it is pursuing terrorist financing prosecutions in line with its risks and prioritizing cases of UN-designated terrorist organisations such as ISIL and Al Qaeda," said Pleyer.
"It is crucial for Turkey to make sure that it effectively tackles money laundering and terrorist financing, serious organised crimes and corruption," added Pleyer.
He urged Turkey to turn its commitment to concrete action regarding money laundering and terror financing.
"The Turkish govt has given a high-level political commitment to continue to make necessary changes. I urge them to turn that commitment to concrete action," said Pleyer.
The move is a heavy blow to Turkish President Recep Tayyip Erdogan as its economy is fragile and has recorded heavy losses against the US dollar and it will curtail its power to raise international investment.
Meanwhile, Botswana and Mauritius were removed from the grey list. Both countries gave high-level commitment to implement reforms to improve their anti-money laundering and counter-terrorism finances. (ANI)

Get the App

What to Read Next

Europe

ECO FAWN Society raises Pahalgam terror attack at UN Human Rights

ECO FAWN Society raises Pahalgam terror attack at UN Human Rights

At the 61st session of the United Nations Human Rights Council (UNHRC), Yasser Laaroussi, from the ECO FAWN Society, during General Debate under Item 3, in his oral statement, highlighted the terrorist attack that took place in Pahalgam on April 22, 2025. He urged the international community to intensify efforts to combat terrorism and ensure accountability for attacks targeting civilians

Read More
US

"I don't want to comment", says Trump on Mojtaba Khamenei

"I don't want to comment on that," he said when asked whether victory would be possible if Mojtaba Khamenei remained in power. "But I will tell you I just spoke with various countries, the leaders of various countries, you'll have a list, and they said they've never seen anything like it, Trump added.

Read More
Europe

FATF report highlight illicit finance risks linked to Offshore

FATF report highlight illicit finance risks linked to Offshore

Offshore VASPs are VASPs created under the laws of one jurisdiction, with or without a physical presence, that provide services to clients residing in another jurisdiction. The report analyses how oVASPs structure their activities to avoid or evade regulatory obligations and how illicit actors exploit these vulnerabilities.

Read More
Asia

Exhibition at UNHRC highlights plight of minorities

Exhibition at UNHRC highlights plight of minorities

The exhibition displayed a series of photographs and visual documentation portraying the hardships faced by religious and ethnic minorities, including Hindus, Christians, Sindhis, and Balochs, it also highlighted the constant oppression in Balochistan through enforced disappearances of young individuals, including both men and women, as well as forced conversions of minorities in Pakistan and arrests of several political leaders including Dr Mahrang Baloch. The exhibition aimed to draw international attention to what they described as systemic discrimination and political repression affecting these communities. It also displayed photographs of the grim condition of minorities in Bangladesh,

Read More
US

India’s UN envoy slams Pakistan over Afghan civilian deaths

India’s UN envoy slams Pakistan over Afghan civilian deaths

India's UN Ambassador, Harish Parvathaneni, has condemned Pakistan's "hypocritical" airstrikes in Afghanistan during Ramadan, which killed 185 civilians. Speaking at the UNSC, he denounced the strikes as flagrant violations of sovereignty and international law, while also slamming "trade and transit terrorism" targeting the landlocked nation.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.