Moody’s included Daoud’s assessment in a memo he shared with AA correspondents regarding Turkey’s removal from the Financial Action Task Force’s (FATF) grey list.
Mohamed Daoud, sector practice leader at Moody’s, said Turkey’s removal from the FATF grey list demonstrates that the government and various economic sectors have made great strides in strengthening the fight against money laundering and terrorist financing.
“This development could boost Turkey’s international reputation and strengthen foreign investment and ties with European and US institutions,” Daoud said.
Turkiye has been removed from the grey list.
Meanwhile, Turkey was removed from the FATF’s grey list following the plenary session held from June 23 to 28 under Singapore’s term presidency.
The Assembly congratulated two countries, Turkey and Jamaica, for being removed from the list by correcting deficiencies identified in previous strategic anti-money laundering and combating the financing of terrorism (AML/CFT) assessments.
The FATF Plenary decided that Turkiye and Jamaica would be removed from the FATF’s enhanced monitoring process.
The week-long FATF plenary session was attended by delegates representing more than 200 governments and observer organisations, including the United Nations, World Bank, International Monetary Fund, Interpol and Egmont Financial Intelligence Unit.
