Turkey calls designation from global finance watchdog ‘unwarranted’
The Paris-based Financial Action Task Force added Turkey to its “grey list,” which indicates concerns about money laundering and terrorist financing.
Turkey criticized a global financial watchdog today for adding it to a list of countries that do not adequately counter money laundering and terrorist financing.
The Financial Action Task Force added Turkey to its so-called “grey list” yesterday. The Paris-based intergovernmental organization’s list includes countries that have "strategic deficiencies in their regimes to counter money laundering, terrorist financing,” as well as financial services related to nuclear, chemical and biological weapons. Countries on the list are working with the task force, according to its website.
The Turkish Ministry of Treasury and Finance criticized the designation today.
“Putting our country on the grey list has created a result that is unwarranted,” said the ministry, as reported by the official Anadolu Agency.
