Turkish Finance Minister Mehmet Simsek said that Turkey would continue to fight against money laundering and financing of terrorism with the Financial Action Task Force, or FATF.
“Most importantly, Turkey’s predictability in the international financial system has strengthened and Turkey’s efforts will continue towards full compliance with the FATF”, Simsek said in his Tuesday’s statement.
Simsek also said that the task force, whose regulations came into effect in 2010, changed Turkey’s rating to the grey list from the dark grey list resulting in a reduction in the cost and time of global financial transactions which would benefit business people in the country.