Enhanced due diligence is a must to mitigate AML exposure in Turkey

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The FATF has acknowledged high levels of political commitment on the part of the Turkish government toward addressing strategic AML/CFT deficiencies. Despite these continuous efforts however, Turkey remains on the FATF’s list of countries that have not made sufficient progress in addressing deficiencies identified. The FATF has been more critical of Turkey’s efforts to combat terrorism and has suggested that Turkey should focus on adequately criminalizing terrorist financing and implementing an adequate legal framework for identifying and freezing terrorist assets.


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