DOJ secures seven money laundering, terrorism convictions; Philippines off FATF grey list
On Saturday, the Department of Justice announced that it has secured at least seven convictions related to money laundering and terrorism financing from 2021 to the end of 2024.
Deputy State Prosecutor Deana Perez highlighted the conviction of Janet Lim Napoles for money laundering in connection with her plunder case.
The Philippines was removed from the Financial Action Task Force (FATF) grey list late last month, following nearly two years of efforts under President Ferdinand Marcos Jr.
Assistant Prosecutor Rex Guinggoyon attributed this achievement to Department Circular 20 issued in March 2023, which mandates a proactive approach in investigating and prosecuting terrorist financing and money laundering cases.
The government's decision to ban Philippine Offshore Gaming Operators (POGOs) also contributed to the country's removal from the grey list.
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