Paris, Sept. 24 -- Turkiye has strengthened its defences against money laundering and terrorist financing but needs to do more to tackle cross-border illicit finance, professional money laundering and recover criminal assets, the Financial Action Task Force (FATF) said in its latest mutual evaluation of the country.

The global financial crime watchdog said Turkiye has made progress since its previous assessment in 2019, particularly in the use of financial intelligence, domestic coordination and international cooperation to pursue money laundering and related offences.

More than 10,000 money laundering cases have been prosecuted in the past five years, according to the assessment. However, the report also identified a backlog of more th...