ASSESSMENT OF TURKEY’S ANTI-MONEY LAUNDERING AND COMBATING TERRORIST FINANCING SYSTEM

Yıl 2011, Cilt: 6 Sayı: 23, 3748 - 3768, 01.06.2011

Havva Börekci Cengiz Erol

Öz

Anahtar Kelimeler

-

ASSESSMENT OF TURKEY’S ANTI-MONEY LAUNDERING AND COMBATING TERRORIST FINANCING SYSTEM

Öz

International financial system evolves rapidly and is global in nature. It provides opportunities to carry out transactions across borders quickly with a relative degree of anonymity. It is therefore imperative to highlight and share current information about potential vulnerabilities of jurisdictions’ financial system for robust antimoney laundering and combating the financing of terrorism (AML/CFT) system. Furthermore, it is crucial to review and consider issues related to international cooperation in identifying and examining vulnerable jurisdictions that are falling in implementing vigorous AML/CFT system so that others can take actions against those jurisdictions which are reluctant in reforming its system adequately. The objectives of this study are a) to give information about the money laundering and Financial Action Task Force (FATF) as an international standard setter for combating money laundering and terrorist financing b) to explain steps taken by FATF for the sake of international cooperation for combating money laundering and terrorist financing and c) to show how Turkey’s current situation are in the scope of international cooperation for combating money laundering and terrorist financing as a result of FATF assessment

Anahtar Kelimeler

money laundering, anti-money laundering, financing of terrorism, combating, Turkey

Kaynakça

• Paul Allan Schott, Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism, The World Bank, International Monetary Fund (IMF), 2nd edition, 2006, p:I-2.
• Vienna Convention, Article 3(b) and (c) (i); and Palermo Convention, Article 6(i). FATF, Money Laundering FAQ, What is money laundering? available at http://www.fatfgafi.org/document/29/0,3343,en_32250379_32235720_33659613_1_1_1_1,00.html# 12.2009
• FATF, Forty Recommendation, available at http://www.fatf-gafi.org/dataoecd/7/40/34849567.PDF 21.12.2009
• United Nations Office for Drug Control and Crime Prevention (UNODCCP), Financial Heavens, Banking Secrecy and Money Laundering, p: 4. FATF, Money Laundering FAQ, How is money laundered? available at http://www.fatf- gafi.org/document/29/0,3343,en_32250379_32235720_33659613_1_1_1_1,00.html# 20.12.2009.
• FATF, Money Laundering FAQ, How is money laundered? available a http://www.fatf- gafi.org/document/29/0,3343,en_32250379_32235720_33659613_1_1_1_1,00.html# 20.12.2009
• Peter Lilley, Dirty Dealing: The Untold Truth About Global Money Laundering International Crime And Terrorism, 2006, p: 50.
• FATF, Money Laundering FAQ, How is money laundered? available athttp://www.fatf- gafi.org/document/29/0,3343,en_32250379_32235720_33659613_1_1_1_1,00.html# 12.2009
• Masciandaro, Takats and Unger, p: 105. 1 FATF, Report on Money Laundering Typologies 2002-2003, February 2003, p: 11 FATF, About the FATF, available at http://www.fatf-gafi.org/pages/0,3417,en_32250379_32236836_1_1_1_1_1,00.html 31.01.2010
• FATF, Report to G-20 Finance Ministers and Central Bank Governors, FATF/PLEN (2009)35/FINAL, 14 August, 26 June Lyon, France p: 4.
• William C. Gilmore, Dirty Money, the Evolution of International Measures to Counter Money Laundering and the Financing of Terrorism, Council of Europe Publishing, 2004, p: 146.
• FATF, Report on Non-Cooperative Countries and Territories, 14 February 2000.
• FATF, AML/CFT Methodology, Recommendation 21, 2003, p:
• FATF, Progress Report on Non-Cooperative Countries and Territories, 5 October 2000. ,
• FATF, Annual Review of Non-Cooperative Countries and Territories, 20 June 2003, available at http://www.fatf-gafi.org/dataoecd/4/30/33922392.PDF
• FATF, Annual Review of Non-Cooperative Countries and Territories, 2005-2006, 23 June 2006, available at http://www.fatf-gafi.org/dataoecd/0/0/37029619.pdf
• FATF, Annual Review of Non-Cooperative Countries and Territories, Eighth Review, 2006-2007, 12 October , available at http://www.fatf-gafi.org/dataoecd/14/11/39552632.pdf
• ICRG, Eighth And Final NCCT Review, FATF/ICRG (2007)11, 01-Oct-2007, p: 3.
• FATF, Tour De Table on International Co-Operation And Other Issues, FATF/PLEN(2006)57, 27 September , p:1-2.
• ICRG, Report by the International Co-operation Review Group (ICRG) Co-chairs, FATF/PLEN (2007)2, 21 - 23
• February 2007, Council of Europe, Strasbourg, France, p: 2.
• ICRG, Procedures of the International Co-Operation Review Group, FATF/ICRG (2009)7/REV1, Paris 12-13 May , p: 2-3.
• FATF, Report to G-20 Finance Ministers and Central Bank Governors, FATF/PLEN(2009)35/FINAL, 14 August, 26 June Lyon, France p: 1.
• FATF, Update to the G-20 Paper-Note by the Secretariat, FATF/PLEN (2009)80, 9 October 2009, 14-16 October , Paris, France, p: 3.
• ICRG, Procedures Of The International Co-Operation Review Group, FATF/ICRG(2009)7/REV1, Paris 12-13 May , p: 4.
• ICRG, Procedures Of The International Co-Operation Review Group, FATF/ICRG(2009)7/REV2, 03 June 2009
• FATF, Report to G-20 Finance Ministers and Central Bank Governors, FATF/PLEN(2009)35/FINAL, 14 August, 26 June Lyon, France p: 6.
• FATF, Handbook for Countries and Assessors, AML/CFT Evaluations and Assessments; April 2009, p: 1.
• FATF, Mutual Evaluations Programme, available at http://www.fatf-gafi.org/pages/0,3417,en_32250379_32236982_1_1_1_1_1,00.html, 27.02.2010.
• FATF, Methodology for Assessing Compliance with the FATF 40 Recommendations and the FATF 9 Special Recommendations, 27 February 2004 (Updated as of February 2009), p: 1-6.
• Turkey Third Mutual Evaluation Report Anti-Money Laundering and Combating the Financing of Terorism, 23 February 2007, available at http://www.fatf-gafi.org/dataoecd/14/7/38341173.pdf 27.02.2010
• ICRG, Report by the Europe/Eurasia Regional Review Group Co-Chairs, FATF/ICRG (2010)4/REV1, 5 February , p: 19-25.
• FATF, Public statement, 18 February 2010, avalailable at http://www.fatf-gafi.org/dataoecd/34/29/44636171.pdf 02.03.2010
• FATF, Improving Global AML/CFT Compliance: On-going Process, 18 February 2010, p: 5.
• Available at http://www.fatf-gafi.org/dataoecd/34/28/44636196.pdf 02.03.2010