The Financial Action Task Force (FATF), a group that fights money laundering and terrorism financing, announced the country’s removal from the list. The Philippines was placed on the FATF’s “grey list” in 2021 because its financial system was seen as weak in stopping illegal money flows.

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.

The Philippine government welcomed the country's removal from a global watchdog's dirty-money list, which could spur remittances and foreign investments in one of Asia's fastest-growing economies.

The Philippine government welcomed the country’s removal from a global watchdog’s dirty-money list, which could spur remittances and foreign investments in one of Asia’s fastest-growing economies. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Asserts Power Over NYC,

MANILA: 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.

THE Philippines has been removed from the "grey list" of countries under increased monitoring for money laundering and countering the financing of terrorism. Th

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 Philippine government welcomed the country’s removal from a global watchdog’s dirty-money list, which could spur remittances and foreign investments in one of Asia’s fastest-growing economies. The Financial Action Task Force’s (FATF) decision to take Manila off the list is expected to “facilitate faster and lower-cost cross-border transactions,