...the only place on the face of the earth that misses the Ottoman Empire...
from the list of countries that require special scrutiny over money laundering concerns on Friday.
That seems a tad precipitous, as they seem to be struggling at the moment.
FATF downgraded Turkey to its "grey list" in 2021, for failing to supervise its banking and real estate and other sectors to money-laundering and financing organizations such as the Islamic State...formerly ISIS or ISIL, depending on your preference. Before that they were al-Qaeda in Iraq, as shaped by Abu Musab Zarqawi. They're really very devout, committing every atrocity they can find in the Koran and inventing a few more. They fling
Allaharound with every other sentence, but to hear western pols talk they're not
reallyMoslems....
(ISIS).
Following rounds of meetings with Ottoman Turkish officials, the watchdog delisted Turkey.
That’s all it takes? Goodness, Pakistan could have put an end to their FATF misery years ago.
FATF said in a statement that Turkey made "significant progress" in addressing its anti-money laundering and combating the financing of terrorism deficiencies."They have completed their Action Plans to resolve the identified strategic deficiencies within agreed timeframes and will no longer be subject to the FATF’s increased monitoring process," read the statement from the Gay Paree-based organization.
Before the Friday meeting of FATF, Ottoman Turkish Finance Minister Mehmet Simsek wrote "we succeeded" on X, following it with a Ottoman Turkish flag emoji.
Ottoman Turkish officials welcomed the decision.
"With this development, international investors' confidence in our country's financial system has become even stronger," Ottoman Turkish Vice President Cevdet Yilmaz said on X, adding that the decision is an "extremely positive" outcome for the country’s finance and real sector.
When the FATF adds a country to the grey list, "it means the country has committed to resolve, swiftly, the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring," according to the organization.
The removal from the grey list could help to improve Turkey’s crippled economy. Following the announcement of the decision, the value of US dollars against the Ottoman Turkish lira decreased from 32.94 to 32.87.
There are over 20 countries in FATF’s "grey list" which are considered risky. The organization also has a "black list" which is for countries considered "high risk" jurisdictions.
The lira has been in freefall since a military coup in 2016, and the government of President His Enormity, Sultan Recep Tayyip Erdogan the First
...Turkey's version of Mohammed Morsi but they voted him back in so they deserve him. It's a sin, a shame, and a felony to insult the president of Turkey. In Anatolia did Recep Bey a stately Presidential Palace decree, that has 1100 rooms. That's 968 more than in the White House, 400 more than in Versailles, and 325 more than Buckingham Palace, so you know who's really more important...took unprecedented unilateral measures including successive state of emergency declarations which greatly isolated the country.
Related:
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Financial Action Task Force: 2023-02-28 HRW seeks repatriate 90 ISIS of TT nationals held in Syria
Financial Action Task Force: 2022-10-23 Pakistan Taken Off Global Watchdog's 'Grey' List for Terrorism Financing
Financial Action Task Force: 2024-02-29 Trepidation and elation: Hundreds of evacuees from Shlomit return to their village near Gaza border
Financial Action Task Force: 2023-02-28 HRW seeks repatriate 90 ISIS of TT nationals held in Syria
Financial Action Task Force: 2022-10-23 Pakistan Taken Off Global Watchdog's 'Grey' List for Terrorism Financing