Tag: Anti-Money Laundering
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Philippines Exits FATF Grey List; Marcos Praised for Pivotal Role
On Saturday, Malacañang lauded President Ferdinand Marcos Jr. for his decisive leadership that paved the way for the Philippines’ removal from the Financial Action Task Force (FATF) grey list. Claire Castro, Palace press officer and Presidential Communications Office Undersecretary, emphasized that President Marcos spearheaded essential policy reforms that significantly boosted the country’s defense against money…
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Philippines’ Grey List Exit Boosts Appeal as FDI Hub, AMLC Reports
MANILA – The recent removal of the Philippines from the Financial Action Task Force’s (FATF) grey list is poised to significantly enhance the country’s allure as a prime destination for foreign direct investment (FDI), according to the Anti-Money Laundering Council (AMLC). This development marks a pivotal moment in the nation’s ongoing efforts to combat money…
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Philippines Successfully Exits FATF Grey List After Demonstrating Robust Reforms
In a significant development for the country’s financial integrity, the Philippines has been officially removed from the Financial Action Task Force’s (FATF) grey list, a roster of jurisdictions under heightened scrutiny for money laundering and terrorism financing risks. This milestone was announced late Friday, marking the end of a three-year journey to enhance the nation’s…
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