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

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

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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Philippines Successfully Exits Global Watchdog’s Dirty Money Gray List

Philippines Successfully Exits Global Watchdog’s Dirty Money Gray List
4 months ago

In a significant development for the Philippine banking and financial sectors, the country has officially exited the Financial Action Task Force's (FATF) gray list, which identifies jurisdictions under increased monitoring for deficiencies in their anti-money laundering (AML) regimes. This announcement marks a turning point as the Philippines demonstrates its commitment to stronger compliance measures and enhancement of its financial integrity.

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