FATF: Türkiye Bolsters Illicit Finance Defences, More Work Needed

Türkiye has strengthened its defences against money laundering and terrorist financing since 2019, the FATF said, citing improved financial intelligence and international cooperation. Over 10,000 money laundering cases were prosecuted in five years, but a backlog of 7,000 pending cases remains. The FATF urged stronger action on cross-border illicit finance, professional money laundering and asset recovery.