TURKEY STRUGGLES TO CURB MONEY LAUNDERING, TERRORIST FINANCING
January 1st, 2014
SINCE 2007, Turkey has been on the receiving end of repeated warnings from Financial Action Task Force (FATF) to improve its combating the financing of terrorism (CFT) regime. While an anti-terrorism bill has now been passed, shortcomings still remain and new risks have emerged in Turkey's difficult neighbourhood. Ongoing political wrangling and a government corruption scandal present further challenges, including the independence of the judiciary.Turkey has been criticised by FATF for failing to implement adequate terrorist financing legislation and a legal ...
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