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Philippines welcomes removal from global money laundering 'grey list'

The Philippines has been removed from the Financial Action Task Force grey list, which is beneficial for businesses and overseas Filipino workers since it reduces remittance fees.
Speaker Martin Romualdez highlighted that the House of Representatives played a vital role in passing legislative reforms essential for this achievement, strengthening anti-money laundering frameworks.
Romualdez credited President Ferdinand Marcos for the successful legislative reforms that led to this achievement.
The House of Representatives will continue to advocate reforms to maintain the Philippines' financial integrity and prevent tax evasion.

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The Straits Times

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AlKhaleej Today

Philippines welcomes removal from money laundering ‘grey list’

It has been on the list since 2021.

14 hours ago·Singapore

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Manila Bulletin

Romualdez praises Marcos admin for leading Philippines' exit from dirty money grey list

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 Force (FATF) dirty money grey list.Romualdez, in a statement Saturday, Feb. 22, underscored the far-reaching benefits of the country’s removal from the grey list, and highlighted its posit…

17 hours ago

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Channel News Asia

Philippines welcomes removal from global money laundering 'grey list'

Authorities say this would help attract investments and aid overseas Filipino workers who send remittances through banks.

18 hours ago·Singapore

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Rappler

In a boon for OFWs, FATF removes Philippines from 'gray list'

(2nd UPDATE) The exit 'will support business, strengthen the country's position as an attractive destination for foreign direct investment, and benefit Filipinos, particularly OFWs,' the Marcos government says

20 hours ago·Philippines

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GMA Filipino News

PH exits int'l body's money laundering 'grey list'

The Philippines is no longer among the countries under the watch of an international body for money laundering and countering financing of terrorism (AML/CFT).

22 hours ago·Quezon City, Philippines

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Inquirer

PH finally exits dirty money ‘grey list’

MANILA, Philippines – After more than three years, the Philippines has finally exited the “grey list” of Paris-based watchdog Financial Action Task Force (FATF), which commended the country for plugging all the holes in its defenses against dirty money and terrorism financing. After its February meeting, the FATF decided to remove the Philippines from its

1 day ago·Manila, Philippines

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