Prospects brighten as Turkey taken off money laundering 'grey list'
The decision follows a recent FATF meeting with Turkish authorities, during which the organisation decided the country was taking satisfactory steps to reduce money laundering and not being stringent enough over financing for terrorism organisations. The FATF's announcement means a potential boost in investor and consumer confidence in Turkey again which should help bolster the country's economic and financial systems and provide a way out of the serious economic decline it has been in for some time. The financial crisis is mainly due to soaring inflation, left unchecked for months because of ...