In a note shared with an AA reporter regarding Turkey’s removal from the FATF gray list, Moody’s included insights from Daoud.
Daoud stated that Turkey’s removal from the FATF gray list is indicative of significant progress made by the government and various economic sectors in combating money laundering and the financing of terrorism.
He noted, “This development is expected to enhance Turkey’s reputation internationally and potentially strengthen foreign investments and relationships with European and U.S. institutions.”
TURKEY REMOVED FROM THE GRAY LIST
Meanwhile, Turkey was removed from the FATF gray list following the General Assembly held from June 23-28 under Singapore’s presidency.
The General Assembly congratulated Turkey and Jamaica, the two countries removed from the list, for addressing the deficiencies identified in previous assessments regarding strategic anti-money laundering and counter-terrorism financing (AML/CFT).
The FATF General Assembly decided that Turkey and Jamaica will no longer be subject to the FATF’s increased monitoring process.
Over 200 delegates representing governments and observer organizations, including the United Nations, World Bank, International Monetary Fund, INTERPOL, and Egmont Group Financial Intelligence Units, participated in the week-long FATF General Assembly meetings.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
