FATF Releases Turkey's 2026 Mutual Evaluation Report, Places Country on Enhanced Follow-Up List

The Financial Action Task Force (FATF) released its 2026 mutual evaluation report for Turkey on September 23. While the report acknowledges progress in financial intelligence and international cooperation, it highlights significant deficiencies in investigating money laundering related to high-risk predicate crimes, recovering foreign assets, and reporting suspicious transactions. Turkey received a 'partially compliant' rating for targeted financial sanctions related to proliferation financing and non-profit organization oversight, resulting in its placement on the enhanced follow-up list. The country must implement key reforms and report progress regularly over the next three years.