Turkey's banking, money and value transfer services pose significant money laundering risks, says the Financial Act Task Force in a recent report on Turkey. 'Anti-money laundering and counter-terrorist financing measures: Turkey " target="_blank">Mutual Evaluation Report' says the country has failed to demonstrate that it has implemented anti-money laundering and counter-terrorist financing (AML/CTF) laws to respond to the risk. There is no "single whole-of-government policy approach, which is both risk-based and demonstrably co-ordinates measures taken," said the standard setter said in the report. Turkey's analysis of suspicious transaction reports is "not commensurate with the country's risk profile," it said. The FATF is regarded as a political tool by Istanbul, said Fadi Hakura, the analyst for Turkey at Chatham House, the international think tank in London. "Turkey feels it is being deliberately targeted by the FATF because of its foreign and defence policies. These
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