The country’s finance minister said that the government's making efforts to get itself removed from the FATF’s grey list, Reuters reported.
Turkey is getting closer to proposing fresh legislation on crypto assets in an attempt to get itself removed from the Financial Action Task Force’s “grey list” of countries with insufficient anti-money laundering restrictions, its finance minister said.
Reuters reported today that Mehmet Simsek, the country’s Finance Minister, told a parliamentary commission on Tuesday that “work related to crypto assets” is among the last remaining issues to be resolved for the country to become fully compliant with the FATF’s standards. Simasek’s comment came after the FATF downgraded the nation in 2021 to a grey list of countries that failed to fully combat money laundering and financing of terrorism.
Simsek said that the government plans to submit a proposal on crypto assets to the parliament as soon as possible, according to the report. “Due to its geographic location, the country faces the greatest money laundering risks from drug trafficking, migrant smuggling, human trafficking and fuel smuggling,” the FATF said on its website. “The country also faces significant terrorist financing risks from both national and international threats.”© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Turkey aims to shed FATF ‘grey list’ status with new crypto regulationsTurkey is revising crypto regulations to exit FATF’s grey list.
Weiterlesen »
Make-Ahead TurkeyThe secret to a showstopping make-ahead turkey for Thanksgiving that can be prepared several days in advance without drying out? A parchment paper pouch.
Weiterlesen »
Sign up now for Coastal Half Marathon Turkey TrotAnnual Coastal Half Marathon, 5K & 1-Mile Fun Run takes placTurkey trot like it’s hot and sign up now for Coastal Half MarathonTurkey trot like it’s hot and sig
Weiterlesen »
Turkey’s Erdogan laments loss of Ottoman Empire at pro-Palestinian rallyTurkish President Recep Tayyip Erdogan spoke during a rally in Istanbul over the weekend in which he lamented the loss of the Ottoman Empire, a report says.
Weiterlesen »
BBVA's third quarter profit gain overshadowed by provisions and Turkey lossBBVA's third quarter profit gain overshadowed by provisions and Turkey loss
Weiterlesen »
Turkey Trot progressive dining-sipping event is scheduledThe Grand River Valley wine region’s Turkey Trot, a progressive dining and sipping event, is coming up.
Weiterlesen »