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Photographer: Moe Zoyari/Bloomberg

Turkey Added to Global Money Laundering Watchdog’s ‘Gray List’

A global anti-money laundering body added Turkey to its so-called “gray” monitoring list of jurisdictions deemed incapable of tackling money laundering, a designation that could potentially deter investors.

“Three countries are coming onto the list, they are Jordan, Mali and Turkey,” Marcus Pleyer, president of the Financial Action Task Force, told a virtual event Thursday. “They have all agreed action plans with the FATF and are actively working to address the strategic deficiencies identified in this system.”