Turkey, the only NATO member country that was still on the gray list
of the FATF -- jurisdictions with strategic deficiencies in anti-money laundering/combating the financing of terrorism (AML/CT) -- barely escaped from getting pushed to the black list of countries that include Iran and North Korea in September 2014.
Countries that do not adequately address these expectations are placed on the black or gray list
based on varying degrees of compliance.
Kyrgyzstan has been removed from the gray list
of the Financial Action Task Force, the State Financial Intelligence Service announced.
Pavel Centeno, finance minister, said that "Guatemala has not advanced in the work to meet all the demands of the Organization for Economic Cooperation and Development (OECD), since one of the points pending is the opening of bank secrecy for tax issues, it risks staying on the gray list
of non transparent countries.
He wants the FTA [with the US], he wants to get off the OECD gray list
, he wanted to achieve investment grade.
The Zirpro treatment is now on the gray list
Predictably, there were some memorable bloopers among the nominees sure to bring puzzled smiles to anyone willing to go through this year's endless gray list
Stops Fraud Faster with DeviceDNA[TM] and Gray List
The main goal of ll efforts is compliance of the legislation of Kyrgyzstan with FATF recommendations, assessment of national anti-money laundering and counter-terrorism financing systems with these standards, removal of Kyrgyzstan from FATF gray list
, strengthening of analytical and technical capacity of the State Intelligence Service," State Intelligence Service Chairman Melis Mambetzhanov said.
countries are those deemed not to have done enough or be sufficiently committed to the FATF's action plan to address their deficiencies in the fight against the financing of terrorism.
ySTANBUL (CyHAN)- With reverberations of a graft scandal still dominating Turkey's political landscape, and Prime Minister Recep Tayyip Erdoy-an battling serious corruption allegations, the US has said on Tuesday Turkey still remains on the gray list
of the Financial Action Task Force (FATF), the international body setting the global standards for combating terrorist financing (CFT), due to insufficient laws and capabilities to counter terrorism financing in Turkey.
In April 2013, the Prime Minister of Kyrgyzstan received a letter from President of the Financial Action Task Force, which warned Kyrgyzstan to improve the national legislation to combat money laundering and financing of terrorism or extremism, otherwise the country might have been put on a dark gray list
of FATF in June 2013.