The post Turkey Country Financial Crime Risk Dashboard 2023 by FCN appeared first on Financial Crime News.
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Financial Crime News is today publishing a Country Financial Crime Dashboard for Turkey.
The threats generating significant proceeds of crime and posing a “High” ML threat are illegal drug trafficking, migrant smuggling, human trafficking and fuel smuggling.“Medium” ML threat levels are for aggravated fraud; smuggling of tobacco, tobacco products and alcohol; illegal online betting and corruption.Turkey also faces severe threats from terrorism and has suffered from a significant number of terrorist attacks.
The sectors posing the highest ML/TF risks are related to activities involving Banking, money and value transfer services, including illegal money exchangers, Payment & E Money Institutions, Foreign Exchange Offices, Cryptocurrency Intermediaries, Real Estate Agents, Jewellers & Dealers in Precious Metals and Stones. Turkish increase in exports of critical goods to Russia raises risks that Turkish firms are targeted in connection with Western Sanctions circumvention.
The post Turkey Country Financial Crime Risk Dashboard 2023 by FCN appeared first on Financial Crime News.
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