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Citing Terror Financing Controls, FATF Threatens to Suspend Turkey’s Membership
By Colby Adams
printThe Financial Action Task Force threatened Friday to suspend Turkey's membership if the country fails to pass counterterrorist financing laws ahead of a Feb. 22 meeting by the group. The Paris-based intergovernmental organization, known as FATF, said Turkey must adopt legislation allowing for the identification and freezing of suspected terrorist assets. FATF has included Turkey on its list of non-cooperative nations since June 2011, citing poor controls for combating the financing of terrorism (CFT), issues also cited in a February 2007 mutual evaluation report. "Despite Turkey's high-level political commitment to work with the FATF to address its strategic deficiencies, Turkey...
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