FILE - Turkish Finance Minister Mehmet Simsek speaks during a session of the World Economic Forum in Davos, Switzerland, Friday, Jan. 20, 2017. Turkey on Friday, June 28, 2024, welcomed a decision by an international watchdog to remove it from a so-called “gray list” of countries that have not fully implemented measures to fight money laundering and terrorism financing.
Vice-President Cevdet Yilmaz said: “With this development, international investors’ confidence in our country’s financial system has become even stronger. The decision will have extremely positive consequences for the financial sector and the economy.” FATF President T. Raja Kumar, who is finishing his two-year term, said Turkey was taken off the gray list because of the “substantial progress” that it has made.Turkey can expect strong support from the Turkish-German community at Euro 2024. So can GermanyKumar said a FATF team visited Turkey in May and confirmed that the country had taken “substantive steps” to improve its anti-money laundering regime, addressing all the items in its action plan.