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European Commission Removes PHL From ‘High-Risk’ Money Laundering List - BusinessWorld Online
- On June 12, 2025, the European Commission removed the Philippines and seven other countries from its list of high-risk jurisdictions monitored for financial crimes related to money laundering and terrorist activities.
- This decision comes after the Philippines was taken off the Financial Action Task Force’s gray list in February, following the completion of significant reforms and an on-site evaluation.
- The update, developed through a detailed evaluation using defined criteria and consultations, seeks to enhance global efforts against financial wrongdoing and safeguard the EU’s financial system.
- The head of the Bangko Sentral ng Pilipinas, Eli Remolona Jr., expressed optimism about the update but emphasized that the European Parliament still needs to approve the decision.
- The removal is anticipated to enhance the Philippines' ability to engage with European financial markets, reduce regulatory challenges for domestic companies involved in international trade, and strengthen its global standing in combating money laundering.
12 Articles
12 Articles
Euro Commission removes PH in list of ‘high-risk’ countries for dirty money, financial crimes
The European Commission, the European Union’s (EU) executive body, has removed the Philippines from its list of high-risk countries the bloc monitors for money laundering and terrorism financing.
Philippines exits EU’s high-risk money laundering list
The European Commission has removed the Philippines from its updated list of countries with strategic deficiencies in anti-money laundering and counter-terrorism financing regimes, marking a significant milestone in the country’s efforts to strengthen its financial integrity framework.
European Commission removes PHL from ‘high-risk’ money laundering list - BusinessWorld Online
THE PHILIPPINES has been removed from the European Commission’s (EC) list of “high-risk” countries for anti‑money laundering and countering the financing of terrorism (AML/CFT) following its exit from global watchdog Financial Action Task Force’s (FATF) “gray list.” The commission said in a statement on Tuesday that it has updated its list of high‑risk jurisdictions that showed “strategic deficiencies” in their AML/CFT regimes to remove the Phil…
EU removes Philippines from high-risk money laundering list
Following the Philippines' removal from the global money-laundering watchlist, also known as the grey list, in February 2025, the European Commission has also removed the country from its list of high-risk jurisdictions.While some developing were added to the list including Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal and Venezuela, the Philippines, alongside Panama, Uganda, and the United Arab Emirates (UAE), Jam…
BSP chief elated over PH’s removal from EC’s high-risk countries
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. on Wednesday considered as welcome news the European Commission’s (EC) decision to remove the Philippines from its list of high-risk countries in terms of financial crime. “That’s certainly good news. But the EU…
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