Moody's: Turkey's removal from grey list to boost foreign investments

Commenting on Turkey's removal from the Financial Action Task Force (FATF) grey list, Daoud said, "This development is expected to enhance Turkey's international reputation, potentially boosting foreign investments and strengthening relations with European and U.S. institutions."

Moody's shared Daoud's insights on Turkey's removal from the FATF grey list.

Daoud emphasized that this removal signifies the substantial progress Turkey has made in strengthening its efforts against money laundering and terrorist financing.

"This development is expected to enhance Turkey's international reputation, potentially boosting foreign investments and strengthening relations with European and U.S. institutions," Daoud noted.

Turkey and Jamaica Congratulated

Turkey was removed from the FATF grey list following the General Assembly held under Singapore's presidency from June 23-28.

The General Assembly congratulated Turkey and Jamaica, the two countries removed from the list after addressing deficiencies previously identified in strategic AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) measures.

The FATF General Assembly decided that Turkey and Jamaica will no longer be subject to increased monitoring by the FATF.

Over 200 delegates, representing governments and observer organizations such as the United Nations, World Bank, International Monetary Fund, INTERPOL, and the Egmont Group of Financial Intelligence Units, participated in the week-long FATF General Assembly meetings.