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. (RTVM...
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...
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...
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,...
Panfilo "Ping" Lacson Alyansa para sa Bagong Pilipinas senatorial candidate Panfilo "Ping" Lacson has joined the chorus of personalities who are praising President Marcos for steering the country out of the Paris-based Financial Action Task...
Speaker Martin Romualdez (left) and President Ferdinand "Bongbong" Marcos Jr. (Speaker's office) House Speaker Martin Romualdez has hailed the Marcos administration for successfully maneuvering the Philippines out of the Paris-based Financial Action Task...
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...
Foreign banks that previously withdrew from the Philippines may soon return following the country’s official removal from the Financial Action Task Force’s (FATF) ‘grey list,’ signaling improved financial compliance and reduced regulatory risks.On Friday, Feb. 21 (Paris time), the FATF, a...
The Bangko Sentral ng Pilipinas (BSP) has expressed optimism following the Financial Action Task Force’s (FATF) recent announcement recognizing the Philippines’ progress in addressing anti-money laundering and counter-terrorism financing (AML/CFT) concerns.On Oct. 25, 2024, the FATF declared...
President Marcos has ordered the urgent implementation of the national anti-money laundering, counter-terrorism financing and counter-proliferation financing strategy 2023-2027 in order to meet international standards and enable the Philippines to exit the "grey list."President Ferdinand 'Bongbong'...
Senator Grace Poe on Thursday, July 1, asked the Anti-Money Laundering Council (AMLC) for a report on its efforts and the challenges it is facing to have the Philippines removed from the list of countries tagged as high risk for money laundering and terrorist financing.
Senator Grace Poe
Poe,...
