Financial Action Task Force

Bulgaria continues to be listed among countries under enhanced scrutiny by the Financial Action Task Force (FATF). This information was released following the conclusion of the organization's plenary session held this week in Paris.

Türkiye has witnessed strong capital inflows in the past months and foreign reserves are no longer a concern, Finance Minister Mehmet Şimşek has said, adding that capital inflows could accelerate further after Türkiye was removed from the Financial Action Task Force's (FATF) "gray list."

Removal of Türkiye from the Financial Action Task Force's (FATF) "gray list" is expected to lead to more foreign investments in the tourism industry, Tourism Minister Mehmet Nuri Ersoy has said.

On June 28, FATF announced that it dropped Türkiye from its gray list of countries that require special scrutiny.

The Financial Action Task Force's (FATF) decision to remove Türkiye from its "gray list" is likely to give a boost to inflow of foreign investments into the country, according to experts and analysts.

On June 28, FATF announced that it dropped Türkiye from the "gray list" of countries that require special scrutiny.

The international financial crime watchdog Financial Action Task Force (FATF) removed Türkiye from its "gray list" of countries that require special scrutiny on June 28.

"We succeeded," Turkish Treasury and Finance Minister Mehmet Şimşek wrote on X ahead of FATF's official announcement of Türkiye's removal - a long-awaited move that is expected to accelerate foreign investments.

Finance Minister Mehmet Şimşek is expected to attend a Financial Action Task Force (FATF) meeting to be held in Singapore later this month, officials have said.

At the FATF plenary and working group meeting in Singapore on June 28, Türkiye is expected to be removed from its gray list.

The Paris-based global money-laundering watchdog added Türkiye to the list in 2021.

The Turkish parliament's planning and budget commission has approved a bill aimed at regulating the crypto assets sector in the country.

The draft law, which requires crypto asset service providers to obtain licenses from the Capital Markets Board, includes the definitions of crypto assets.

A team from the Financial Action Task Force, an international crime watchdog that "grey-listed" Turkey in 2021, held meetings with Turkish authorities last week ahead of its highly-anticipated report on the country next month, two sources said.

Türkiye has successfully completed technical studies to be removed from the Financial Action Task Force's (FATF) gray list, Treasury and Finance Minister Mehmet Şimşek has said.

The process will be finalized with an on-site assessment to be conducted in June, the minister wrote on X, formerly Twitter.

The UAE has announced plans to establish judicial bodies to prosecute money laundering and financial crime following increased monitoring by a global watchdog dedicated to battling illicit cash flows.