FATF “gray” list achieves Turkey’s dream of pole position in the Muslim world


The inscription has had a negative impact on Turkey’s global credibility and is the result of Erdoğan’s attempts to overtake his weight.

The global money laundering watchdog, the Financial Action Task Force (FATF) placed Turkey on its “gray list” last week for non-compliance with the United Nations sanctions regime, money laundering and abuse of terrorist financing. Ankara reacted strongly, calling it unfair. The gray list is not only a blow to Ankara, but also to its closest ally, Pakistan, which is developing a strategic relationship with Turkey under the leadership of its president Recep Tayyip Erdogan. The Sunday Guardian spoke with experts to find out why Turkey was placed on the infamous FATF ‘gray list’, and if it has anything to do with Ankara’s aggressive postures and its leader’s dream. to become the “new Ottoman emperor” of the Muslims. world and what impact will this have on India, as Turkey has bitterly criticized India’s stance on the Kashmir issue and is a close ally of New Delhi’s pet peeve, Pakistan.

Ajit Kumar Jha, founding editor of the Doha-based Qatar Tribune and Oxford University-trained Middle East expert, said of terrorist financing and other serious accusations. Turkey, under Erdogan grappling with the Syrian crisis, has always tried to “strike above its weight” a form of neo-Ottomanism. Erdogan used Sunni political Islam to challenge the dominant powers in the Middle East: the Saudi Arabia-UAE alliance on the one hand, Israel on the other, and the Iran-Qatar LNG gas lobby. Despite being a member of NATO, Turkey has alienated itself from the United States, France and other European powers, isolated lies, without many friends, retaliated for trying to strike over of its weight.

It had also been said that by criticizing India, Turkey had created problems because New Delhi is a great power in international politics. Jha added: “In addition, Turkey, although it is a member of NATO, has abused its economic weight as an emerging power and is now facing a precarious economy, a major currency crisis with the fall. of the pound, the economic overheating and the flight of foreign investors. Turkey is now in the infamous FATF gray list and thus losing its global credibility surely strengthens India’s position since Ankara is a close ally of Islamabad, a vocal critic of India’s position on Kashmir and a major donor to fringe Sunni Islamist terrorist groups. Moreover, with the revival of the Indian economy, the economic weight of India as a major emerging economy, a prominent member of the G-20 dislodges Turkey’s previous position as an emerging economic power and plunges Ankara into serious financial and economic crisis.

Speaking to the media, Financial Action Task Force (FATF) Chairman Marcus Pleyer said Turkey needs to tackle “serious supervisory issues” in its banking and real estate sectors, and with market dealers. gold and precious stones and must show that it tackles complex problems effectively. money laundering cases and show that it pursues terrorist financing prosecutions and prioritizes cases of UN-designated terrorist organizations such as ISIL and al-Qaeda ”.

Rakesh Kumar, Senior Professor of Political Science and International Relations at the University of Delhi, said: “The Financial Action Task Force (FATF) itself pointed out to Ankara in 2019 its shortcomings, including the need to improve measures to freeze terrorism-related assets. groups. But Turkey did not act. You have seen lately how Recep Tayyip Erdoğan has tried to act aggressively on several occasions and how he has alienated himself from the great powers. Moreover, now Turkey is with few friends and many adversaries. Therefore, the actions of the FATF will harm it enormously. If you look at the task entrusted to Turkey by the FATF which includes devoting more resources to monitoring AML / CFT compliance by high-risk sectors and increasing on-site inspections; apply “dissuasive sanctions” for AML / CFT offenses, including unregistered money transfers; improving the use of financial intelligence to support money laundering investigations; undertake more complex money laundering investigations and prosecutions; setting measurable responsibilities and performance targets for counterterrorism authorities and a few others, means that the road for the country will be difficult even at the next meeting and it will be difficult to get off the infamous list of the FATF.

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