Turkey Nears Removal From Money Laundering Watchdog’s Gray List

The Financial Action Task Force said it will assess removing Turkey from its so-called “gray” monitoring list of jurisdictions deemed incapable of tackling money laundering.

Turkey has completed a significant part of its action plan, the global anti-money laundering body said in a statement on Friday. The watchdog will conduct an on-site assessment to confirm the implementation of reforms, a crucial step for potential removal from the gray list.

Treasury and Finance Minister Mehmet Simsek said Turkey is “committed to do whatever it takes” to be removed from the list.

Global Money Laundering Watchdog Adds Turkey to Its ‘Gray List’ ...