Istanbul: Turkey is preparing for a crucial assessment from the Financial Action Task Force (FATF), just over a year after it exited the international “grey list” of countries under enhanced money-laundering and terrorist-financing scrutiny. Sources familiar with the matter confirmed that the FATF is dispatching an onsite review team later this month, signaling that Ankara must prove its reforms are firmly implemented or risk being re-listed.

Turkey’s placement on the FATF grey list in October 2021 had highlighted significant gaps in its regulatory oversight of banks, real estate, and other sectors vulnerable to illicit financial flows. In 2024, Ankara secured its exit from the list by pledging stronger enforcement and regulatory compliance. However, FATF’s exit does not represent a per

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