Turkey put on grey list in fight against money laundering and financing of terrorism

The International Financial Action Task Force, which made a statement after its meetings in Paris, shared Turkey was placed on the “gray list” of countries that have not done enough to combat money laundering and the financing of terrorism.

On the grounds that Turkey has not made sufficient efforts to prevent money laundering and financing of terrorism, it was placed on the same list with Yemen.

Currently, the gray list includes countries such as Albania, Syria, Sudan and Yemen.

The inclusion of Turkey on the gray list will also put pressure on the EU. After this decision, it may be raised that the EU will add Turkey to its own “anti-money laundering” lists.

THE GRAY LIST AFFECTS THE ECONOMY

According to an IMF study published in May this year, the FATF gray list has a huge and significant impact on a country’s capital inflows.