Philippines Set to Exit FATF Watchlist: Boosting Cross-Border Transactions

The Philippines is on track to be removed from the Financial Action Task Force (FATF) grey list, a move that is expected to significantly enhance the country's business environment and improve cross-border deals. This development follows concerted efforts by the Philippine government to strengthen its anti-money laundering and terrorist financing measures, which had previously placed the country under increased surveillance by the FATF.

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