(MENAFN) Türkiye has achieved a major milestone by successfully removing itself from the Financial Action Task Force's (FATF) grey list after dedicated efforts spanning three years. This development signifies that Türkiye will no longer be subject to heightened monitoring by the international watchdog, having diligently implemented action plans to address identified strategic deficiencies within agreed timeframes.

During its plenary meeting, the FATF commended Türkiye for its significant strides in strengthening anti-money laundering and combating the financing of terrorism (AML/CFT) measures, which were identified during previous mutual evaluations. The Turkish Treasury and Finance Ministry expressed appreciation for these efforts, attributing Türkiye's removal from the grey list to the proactive steps taken.

The ministry underscored Türkiye's unwavering commitment to continuing its fight against money laundering and terrorist financing in full compliance with international standards. Looking ahead, it outlined plans to further enhance the operational and technical capabilities of Türkiye’s Financial Crimes Investigation Board (MASAK). Additionally, Türkiye aims to implement legal and administrative reforms with heightened sensitivity and efficiency.

Earlier, Treasury and Finance Minister Mehmet Simsek had expressed optimism about achieving this milestone, succinctly stating, "We made it." This accomplishment marks a significant achievement in Türkiye's ongoing efforts to strengthen its financial integrity and regulatory framework on the global stage.

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