Financial Action Task Force

Türkiye is committed to combating global money laundering and terrorist financing, Treasury and Finance Minister Mehmet Şimşek said, adding that the country should be removed from the Financial Action Task Force's (FATF) gray list.

Turkey's Ministry of Treasury and Finance said the grey listing of the country on Oct. 21 by the Financial Action Task Force (FATF) was unfair.  

"Despite coordination studies, putting our country on the grey list has created a result that is unwarranted," the ministry said in a statement. 

Serbia is among several countries that have misused legislation passed to meet Financial Action Task Force, FATF, standards to combat money laundering and terrorism financing to investigate critical voices and NGOs, Reuters reported on Thursday.

A draft law on the prevention of the financing of the proliferation of weapons of mass destruction (WMDs) contains some additional provisions that allow the government to arbitrarily suspend the activities of the non-governmental organizations, the main opposition Republican People's Party (CHP) has stated.