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Turkey to stay of FATF naughty GREY STEP until 2023 [earliest]

10/05/2022

Since the 2019 assessment of Turkey's measures to tackle money laundering and terrorist financing and its 2021 follow-up report, the country has taken many actions to strengthen its framework.

Turkey has been in an enhanced follow-up process following its mutual evaluation in 2019.

In line with the FATF Procedures for mutual evaluations, the country has reported to the FATF on its activities since its "mutual evaluation", and its subsequent follow-up 2022 report is here:-

 

 

Consequently, to reflect Turkey's progress, the FATF has now re-rated the country on the following Recommendations:

  • 23 - DNFPBs: 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

 

Today, Turkey is

  1. Compliant on 12 of the 40 Recommendations
  2. Largely compliant on 22 of them.
  3. Partially compliant with 4 Recommendations and
  4. Noncompliant on 2 Recommendations.

 

Turkey will remain in enhanced follow-up and will report back to the FATF on improving the implementation of its AML/CFT measures in June 2023.

 

More on:

 

 

FATF EU

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.  

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.