Turkey on Friday avoided being blacklisted by The Financial Action Task Force (FATF), the organization announced on Friday, Anadolu Agency reported.
The FATF blacklist highlights countries the organization percieves as not combatting money laundering and the financing of terrorism and proliferation of weapons of mass destruction.
FATF said in a public statement on Friday that Turkey continues to take steps toward combating the financing of terrorism but needs to address "strategic deficiencies" in its legal framework to be removed from the 'dark grey' list.
"The FATF welcomes Turkey's progress in largely complying with the FATF standard on criminalisation of terrorist financing. However, certain concerns remain regarding Turkey's framework for identifying and freezing terrorist assets," the statement said.
Experts told Anadolu Agency on Thursday, the first day of the FATF's two-day plenary meeting, that neither a negative outlook towards Turkey nor a discussion over 'corruption' was mentioned.
They said Turkey's responsibility to the FATF's legal framework was fulfilled with legal amendments made in February 2013.
The FATF's up-to-date blacklist only includes Iran and North Korea.
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