.
.
.
.

Turkey working to get out of FATF grey list for failing to head off money laundering

Published: Updated:

Finance Minister Lutfi Elvan said on Friday Turkey was working with the Financial Action Task Force (FATF) to get out of a grey list for failing to head off money laundering and terrorist financing, its inclusion in which could hurt foreign investment.

In October, the international watchdog downgraded Turkey along with Mali and Jordan to its increased monitoring list, known as “grey listing.”

For the latest headlines, follow our Google News channel online or via the app.

“We do not think we deserve to be put on the grey list by FATF. We will continue working in cooperation with FATF and related institutions to get out of it,” Elvan said in a speech.

Read more:

Turkey’s cenbank to cut policy rate to 15 pct, as lira hits record lows: Poll

Turkey’s Erdogan wades again into central bank policy, looks to see lower rates