BusinessWorld E-paper
January 15, 2024
THE PHILIPPINES’ continued inclusion in the Financial Action Task Force’s (FATF) “gray list” may result in reputational consequences, as well as increases the likelihood of inclusion in the dirty money watchdog’s blacklist, the Anti-Money Laundering Council (AMLC) said.
This, as President Ferdinand R. Marcos, Jr. earlier directed the AMLC and all government agencies to work on exiting the gray list by October this year, after failing to meet the January deadline.
