An Analysis of the Application of Financial Action Task Force Recommendations and its Implication on Civil Society in Turkey

Feb 28, 2021
  • Description

This information note sheds light on the policies and safeguards suggested by the Financial Action Task Force (FATF) against terrorist financing, money laundering, and financing of weapons of mass destruction and discusses theirimpact on civil society activities in Turkey. The Law on the Prevention of Financing of Proliferation of Weapons of Mass Destruction (hereinafter referred to as "the Law") which entered into force on December 31, 2020; aims to mitigate these risks and comply with the FATF principles; however, these new measures will severely restrict civic space and stifle the activities of civil society organizations (CSOs). 

This document focuses on anti-money laundering (AML) and counter-terrorism financing (CTF) standards for civil society that were introduced by the FATF and analysis of the Law from the point of view of FATF Standards. It provides brief information about the FATF and mutual evaluation process, putting Turkey's membership to the FATF in perspective, and offering details of the Law and its analysis with regard to the FATF.