Turkey is working to get out of the FATF gray list due to failure to avoid money laundering

Finance Minister Lutfi Elvan said on Friday that Turkey is working with the Financial Action Task Force (FATF) to get off the gray list for failing to avoid money laundering and terrorist financing, the inclusion of which could hurt foreign investment.

In October, the international watchdog lowered Turkey along with Mali and Jordan to its increased monitoring list, known as the “gray list”.

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“We don’t think we deserve to be put on the FATF’s gray list. We will continue to work in cooperation with FATF and related institutions to get out of it,” Elvan said in a speech.

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