The Philippines is no longer on the list of countries under heavy scrutiny by the top global money laundering and terrorism financing watchdog. The Financial Action Task Force (FATF) has removed the Philippines from its gray list after an on-site visit in January confirmed the country’s significant progress in strengthening measures on anti-money laundering and combatting the financing of terrorism (AML/CFT).

The Philippines’ exit from the gray list of Paris-based Financial Action Task Force last Friday is expected to help attract more foreign investments and create jobs, according to government officials.

The Financial Action Task Force (FATF) has removed the Philippines from its 'grey' list, indicating reduced scrutiny for the country. Meanwhile, Laos and Nepal have been added to this list. The membership of Russia in the FATF continues to be suspended,

The Financial Action Task Force (FATF), a global anti-money laundering watchdog, said on Friday it had removed the Philippines from its 'grey' list of countries under increased scrutiny, while it added Laos and Nepal to that list.

THE Philippines has officially been removed from a global dirty money watchlist after nearly four years of heightened monitoring by the Paris-based Financial Action Task Force (FATF).

The Anti-Money Laundering Council announced the Philippines has been removed from the Financial Action Task Force (FATF) "grey list," a significant

The Financial Action Task Force (FATF) has removed the Philippines from its grey list following a successful on-site evaluation, praising the countrys progress in strengthening anti-money laundering measures.

The Philippines has been taken off a global watchdog’s dirty-money list, a move that could spur remittances and foreign investments in one of Asia’s fastest-growing economies.