FATF: TURKEY AML/CFT EVALUATION FOLLOW-UP REPORT

On 10 May, FATF published this report.  Turkey has been in an enhanced follow-up process following the adoption of its mutual evaluation in 2019.  To reflect Turkey’s progress, FATF has now re-rated the country on the following FATF Recommendations:

23 – DNFPB: Other measures – from partially compliant to compliant

24 – Transparency and beneficial ownership of legal persons – from partially compliant to largely compliant

25 – Transparency and beneficial ownership of legal arrangements – from partially compliant to largely compliant

Turkey is now compliant on 12 of the FATF 40 Recommendations and largely compliant on 22. It remains partially compliant on 4 Recommendations and non-compliant on 2 Recommendations.  It will remain in enhanced follow-up and will report back to FATF on progress achieved on improving the implementation of its AML/CFT measures in June 2023.  As usual, effectiveness was not addressed, only technical compliance.

http://www.fatf-gafi.org/media/fatf/documents/reports/fur/Follow-Up-Report-Turkey-2022.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THIS THIS LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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