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...
To ensure that the Philippines stays out of the grey list of global financial crimes watchdog Financial Action Task Force (FATF), the Securities and Exchange Commission (SEC) is rolling out more reforms to combat money laundering and terrorist financing. In a press conference, SEC Chairperson...
Senator Sherwin Gatchalian called the Philippines' removal from the Paris-based Financial Action Task Force (FATF) so-called "grey list” a reversal of the "reputational damage" brought to the country by Philippine Offshore Gaming Operators (POGOs). "The removal of the Philippines from the...
The Philippines has successfully exited the grey list of the Financial Action Task Force (FATF) following reforms implemented by the Securities and Exchange Commission (SEC) to enhance financial integrity and transparency in the corporate sector. On the final day of the FATF plenary on Feb. 21,...
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...
Malacañang has welcomed the country's much-wanted exit from the Financial Action Task Force (FATF) greylist , saying the development reaffirms the government's actions are aligned with international standards. File photos In a statement, Executive Secretary Lucas Bersamin said the country's exit...
The Securities and Exchange Commission (SEC) has committed to ensure the sustainability of reforms it started that paved the way for the Philippines’ imminent exit from the “gray list” of the global anti-money laundering watchdog Financial Action Task Force (FATF). In a landmark...
