The Financial Action Task Force (FATF) has released its mutual evaluation report on Turkey based on an on-site visit in November 2025. According to Foresight News, the report says Turkey has established a relatively complete regulatory framework for virtual asset service providers (VASPs), but the framework was still in the implementation phase at the time of assessment.

The report said Turkey applies risk-based supervision to financial institutions and VASPs, and the number of anti-money laundering compliance inspections has increased significantly. It added that financial institutions and VASPs generally understand money laundering risks and anti-money laundering obligations, but important gaps remain in implementation, including only partially effective identification and monitoring of politically exposed persons and insufficient suspicious transaction reporting.

Based on the overall assessment, Turkey has been placed under enhanced follow-up procedures and must complete key remediation recommendations within three years. These include strengthening the identification of terrorist financing risks and prioritizing anti-money laundering efforts related to drug trafficking and illegal gambling.