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

Technical Compliance

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

Turkey Follow-Up Report - 2022

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: PC
R.9 - Financial institution secrecy laws: C
R.10 - Customer due diligence: LC
R.11 - Record keeping: C
R.12 - Politically exposed persons: NC
R.13 - Correspondent banking: LC
R.14 - Money or value transfer services: LC
R.15 - New technologies: NC
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: PC
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: PC
R.27 - Powers of supervisors: LC
R.28 - Regulation and supervision of DNFBPs: PC
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

Earlier reports

30 Nov 2021

Turkey's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Turkey's progress in addressing the technical compliance deficiencies identified in its 2019 Mutual Evaluation.
16 Dec 2019

Turkey's measures to combat money laundering and terrorist financing Turkey has understood the risks it faces from money laundering and terrorist financing but serious shortcomings remain, including the need to improve measures for freezing assets linked to terrorism and proliferation of weapons of mass destruction.
22 Oct 2014

Mutual Evaluation of Turkey : 15th Follow-Up Report Turkey has made significant progress in addressing deficiencies in its measures to combat money laundering and the financing of terrorism, as identified in its February 2007 mutual evaluation report. This follow-up report provides an overview of the main changes since the 2007 evaluation of Turkey's level of compliance with the FATF Recommendations.
23 Feb 2007

Mutual Evaluation of Turkey The report of the mutual evaluation of Turkey was adopted by the FATF Plenary in February 2007. This report provides a summary of the anti-money laundering (AML) and combating the financing of terrorism (CFT) measures in place in Turkey at September 2006 (the date of the on-site visit) and also considers the new AML legislation passed in October 2006. The mutual evaluation report describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened. It also sets out Turkey’s levels of compliance with the Financial Action Task Force (FATF) 40 + 9 Recommendations

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system

The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024