Turkey Triumphs as FATF Grey List Status Revoked
Sakshi Education
- Turkish Finance Minister Mehmet Simsek announced that Turkey has been removed from the FATF ‘grey list’ after recent evaluations of the country’s progress on money laundering and terrorist financing. The decision, declared at the FATF plenary meeting in Singapore, marks a significant milestone for Turkey, which had been placed on the grey list in 2021.
- The FATF acknowledged Turkey’s significant reforms, particularly in the regulation of cryptocurrency. The Turkish Parliament recently approved legislation increasing oversight of the crypto market, ensuring stringent management and operational standards. This move was pivotal in addressing FATF’s concerns and contributed to Turkey’s removal from the grey list.
Also Read: 105 Years of Jallianwala Bagh Massacre: Top Quiz Questions
>> Download Current Affairs PDFs Here
Download Sakshi Education Mobile APP
Published date : 03 Jul 2024 05:29PM