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Speaker: PH exit from dirty money ‘grey list’ is ‘good news’

Summary by Inquirer

MANILA, Philippines — House Speaker Martin Romualdez said the Philippines’ exit from the “grey list” of the Paris-based watchdog Financial Action Task Force (FATF) is “good news” for overseas Filipino workers (OFWs). In its February meeting, which concluded on Friday, the FATF removed the Philippines from its grey list, a list of countries to monitor for deficiencies in anti-money laundering and counter-terrorism financing efforts. “This is part…

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Manila Bulletin

Philippines' exit from FATF grey list a reversal of POGO's 'reputational damage'--Gatchalian

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 Financial Action Task Force gray list, less than two months after the ban on POGOs took effect, is yet another proof that the country is in a much better positi…

11 hours ago

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