An international report warns Turkey: It will be included in gray list because of its support for terrorism

An international report has warned Turkey that it will be included in the gray list due to its support for terrorism and its money laundering operations.

An international report warns Turkey: It will be included in gray list because of its support for terrorism
17 December, 2019   08:56
NEWS DESK

The British Financial Times newspaper, citing a report from the Financial Action Group, said that if Ankara fails to improve its position in 2020, it risks adding it to an international gray list, which could endanger its ability to attract foreign financing.

The report found that Turkey lacked a series of standards, and that Ankara would now be subject to special oversight by the organization, which was founded in 1989 to combat money laundering and terrorist financing and other similar threats to the integrity of the international financial system.

The report notes that Ankara is not serious in pursuing terrorist organizations.

This report comes a few months after the US Treasury categorized Turkish companies and businessmen, as being linked to militant groups such as ISIS.

(T/S)

ANHA