Türkiye

Member since 1991

Since the assessment of the effectiveness of Türkiye's measures to combat money laundering and terrorist financing in 2019, the country has been in an enhanced follow-up process.  The country reported back to the FATF in 2021, 2022 and 2023 on the actions it had taken to strengthen its AML/CFT framework.  As a result of this report, the FATF rerated the country on 3 of the 40 Recommendations.  

Today, Türkiye now only has one Recommendation left (R.15) that is rated partially compliant. No Recommendations are rated non-compliant. 

Türkiye's progress in strengthening measures to tackle money laundering and terrorist financing

20 Jul 2023

Türkiye has made progress in addressing most of the technical compliance deficiencies identified in its 2019 Mutual Evaluation Report. The country has been re-rated on six recommendations.
Read more 2022 Follow-up report 2021 Follow-up report

The Financial Action Task Force (FATF) assessed Turkey’s anti-money laundering and counter terrorist financing (AML/CFT) system. The report is a comprehensive review of the effectiveness of Turkey’s measures and their compliance with the FATF Recommendations. 

This includes an assessment of its actions to address the risks emanating from designated terrorists or terrorist organisations. The report does not address the justification that led to the designation of an entity as a terrorist or terrorist group or organisation. 

Turkey completed a national risk assessment in 2018.  Due to its geographic location, the country faces the greatest money laundering risks from drug trafficking, migrant smuggling, human trafficking and fuel smuggling. The country also faces significant terrorist financing risks from both national and international threats

Ratings

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Turkey Follow-Up Report - 2023

R.1 - Assessing risk & applying risk-based approach
LC
R.2 - National cooperation and coordination
LC
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
C
R.5 - Terrorist financing offence
LC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
LC
R.7 - Targeted financial sanctions related to proliferation
LC
R.8 - Non-profit organisations
LC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
LC
R.11 - Record keeping
C
R.12 - Politically exposed persons
C
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
LC
R.15 - New technologies
PC
R.16 - Wire transfers
LC
R.17 - Reliance on third parties
C
R.18 - Internal controls and foreign branches and subsidiaries
LC
R.19 - Higher-risk countries
LC
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
LC
R.23 - DNFBPs: Other measures
C
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
LC
R.26 - Regulation and supervision of financial institutions
C
R.27 - Powers of supervisors
LC
R.28 - Regulation and supervision of DNFBPs
LC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
LC
R.32 - Cash couriers
LC
R.33 - Statistics
LC
R.34 - Guidance and feedback
LC
R.35- Sanctions
LC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
C
R.38 - Mutual legal assistance: freezing and confiscation
C
R.39 - Extradition
C
R.40 - Other forms of international cooperation
LC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Turkey Mutual Evaluation - 2019

IO1
SE
IO2
SE
IO3
ME
IO4
ME
IO5
ME
IO6
ME
IO7
ME
IO8
ME
IO9
ME
IO10
LE
IO11
LE

HE = high level of effectiveness   |   SE = substantial level of effectiveness    |   ME = moderate level of effectiveness   |   LE = low level of effectiveness

5th Round of Mutual Evaluations

Below are the planned assessment dates for Türkiye in the 5th round of mutual evaluations.  These dates remain subject to change.

Türkiye

Assessment Body
FATF
Last evaluation
2019-10-01 00:00
Possible onsite period
2025-12-01 00:00
Possible Plenary discussion
2026-06-01 00:00

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Head of delegation

Lead Ministry/Authority in the FATF Delegation

Ministry of Treasury and Finance / MASAK

 

Other Ministries/Authorities

Ministry of Justice 

Ministry of Interior

 

Observer

Head of delegation

 

 

 

 

Also member of