AMLC: Phl remains off global dirty money list

The Anti-Money Laundering Council (AMLC) confirmed that the Philippines remains off the Financial Action Task Force (FATF)’s gray list following its removal in February this year and has not received similar reports of outdated foreign references still linking the country to the list.

- By KEISHA TA-ASAN

In a statement to The STAR, AMLC said the Philippines was officially delisted from the FATF gray list on Feb. 21, during the global watchdog’s plenary meeting in Paris, France. The delisting came after the country successfully addressed all 18 action items required to strengthen its anti-money laundering and counter-terrorism financing framework.

“The Philippines remains delisted,” AMLC said, adding that the government continues to implement various initiatives to ensure continued compliance with international standards and prevent relisting.