The Financial Action Task Force has also added Laos and Nepal to its list of nations subject to “increased monitoring.”

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 Philippines is no longer on the list of countries under heavy scrutiny by the top global money laundering and terrorism financing watchdog. The Financial Action Task Force (FATF) has removed the Philippines from its gray list after an on-site visit in January confirmed the country’s significant progress in strengthening measures on anti-money laundering and combatting the financing of terrorism (AML/CFT).

The Philippines has been removed from the Financial Action Task Force’s (FATF) grey list after more than three years, following significant progress in

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

Manila: 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.

PHILIPPINE STOCKS may advance this week as market sentiment is expected to get a lift from the country’s removal from dirty money watchdog Financial Action Task Force’s (FATF) “gray list” and after the central bank said it would cut banks’ reserve requirement ratios (RRR) next month.

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

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.