October 23, 2021 | The National Interest
Turkey Returns to Financial Action Task Force ‘Grey List’
This designation shows yet again that NATO member Turkey continues to offer a permissive jurisdiction for terror finance, sanctions evasion, and money laundering under the 19-year rule of President Recep Tayyip Erdogan’s Islamist-rooted Justice and Development Party.
October 23, 2021 | The National Interest
Turkey Returns to Financial Action Task Force ‘Grey List’
This designation shows yet again that NATO member Turkey continues to offer a permissive jurisdiction for terror finance, sanctions evasion, and money laundering under the 19-year rule of President Recep Tayyip Erdogan’s Islamist-rooted Justice and Development Party.
The Financial Action Task Force (FATF), the Paris-based global money laundering and terror financing watchdog, added Turkey to its “grey list” on Thursday, placing Ankara alongside 22 other jurisdictions, including Pakistan, Syria, and Yemen, under increased monitoring. This designation shows yet again that NATO member Turkey continues to offer a permissive jurisdiction for terror finance, sanctions evasion, and money laundering under the 19-year rule of President Recep Tayyip Erdogan’s Islamist-rooted Justice and Development Party. FATF President Marcus Pleyer summed up Turkey’s situation by saying that “serious issues remain” in the country’s financial operations aimed at combatting money laundering and terrorist financing.