After journalist Gretchen Ho took to social media to share about how one of her family members was not allowed to exchange foreign currency at Oslo airport because of the current corruption issues, the Department of Foreign Affairs (DFA) clarified that the foreign exchange stall was using an...
While the Bangko Sentral ng Pilipinas (BSP) has already moved to unlink in-app online gambling platforms from financial institutions, the central bank chief affirmed the possibility of the Philippines returning to the money-laundering watchlist should the government fail to contain persisting...
While the Philippines’ exit from the European Union’s (EU) high-risk jurisdictions list is expected to ease the country’s access to the EU financial system, debt watcher Moody’s still urged continued vigilance in sectors such as online gaming and cryptocurrency to ensure it does not return...
President Marcos urged government officials to "exert twice the effort" to sustain the Philippines’ progress in fighting money laundering and terrorist financing, warning against slipping back into the Financial Action Task Force (FATF) grey list. President Ferdinand ‘Bongbong’ Marcos Jr....
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. revealed that the global anti-money laundering watchdog has recognized the Philippines as a regional leader in combating financial crimes and terrorism financing, even tapping the country to assist others in strengthening their...
The Philippines exit from the so-called "grey list" of the Paris-based Financial Action Task Force (FATF)creates a positive impact to the whole Filipino diaspora, including overseas Filipino workers (OFWs) and migrants. Filipino community in Brunei (Photo courtesy of PCO) The Department of Foreign...
President Marcos is committed to addressing the issues inherited from the previous administration, particularly in addressing money laundering and terrorism financing issues, Malacañang said. President Ferdinand 'Bongbong' Marcos Jr. and former president Rodrigo Duterte (Malacañang photos)...
A total of 264 money laundering cases had been brought before the trial courts since 2021 with 185 of them filed in 2024, the Department of Justice (DOJ) said on Monday, Feb. 24. Of the 794 persons accused in the cases, the DOJ said that six of them had been convicted of 114 counts of terrorism...
With the Philippines officially off the global money-laundering watchlist, private-sector economists believe the country has now gained a competitive edge over its ASEAN neighbors, positioning itself as a top investment hub in the region. Bangko Sentral ng Pilipinas (BSP)-led Anti-Money Laundering...
The Department of Justice (DOJ) on Sunday, Feb. 23, welcomed the removal of the Philippines from the “grey list” of the Financial Action Task Force (FATF), the global anti-money laundering watchdog. “The removal of the Philippines from the said list means that it has completed its...
Senator Joel Villanueva hailed the Philippines' removal from the Paris-based Financial Action Task Force (FATF) so-called "grey list” that is poised to rake in financial and economic benefits for the country. On Friday, Feb. 21 (Paris time), the FATF, a global anti-money laundering watchdog,...
The Philippines is celebrating its removal from the Paris-based Financial Action Task Force (FATF) so-called "grey list.” For those unfamiliar with global finance, the FATF is an international watchdog that sets standards for combating money laundering and terrorism financing. Placement...
