FATF gives Türkiye passing grades but flags 7,000-case prosecution backlog
- —Türkiye rated compliant or largely compliant on 38 of 40 FATF recommendations
- —More than 7,000 money-laundering cases pending prosecution
- —Türkiye left the FATF gray list in June 2024
- —Three-year action plan covers VASP oversight and crypto platforms
Why it matters: Enhanced follow-up means tighter scrutiny of Turkish crypto and payment firms, with more risk-based compliance checks and reporting demands.
Source: Cryptopolitan