Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Analysis, Compliance News, Crypto, EU/Europe, Technology

LATEST: Turkey downgraded to ‘non-compliant’ on new tech recommendations due to virtual asset risk -FATF

By Dan Byrne for AMLi

Turkey’s handling of virtual assets is a weak link serious enough to receive the worst ratings downgrade, the Financial Action Task Force has said.

The grey-listed nation has been re-rated ‘non-compliant’ with FATF’s guidance around new technologies in its latest enhanced follow-up report, released Tuesday.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!