Financial Action Task Force

The Philippines has exited the Financial Action Task Force (FATF) gray list in May 2025, thanks to significant anti-money laundering and counter-terrorism financing reforms. The removal improves financial transactions for overseas Filipino workers and enhances foreign investment opportunities in the country. President Marcos Jr. and key officials have been recognized for their efforts in this achievement, emphasizing the need for sustained vigilance against illicit financial activities.

This is an AI-generated summary based on recent coverage.
Last updated at May 12, 2025.

Recent stories about Financial Action Task Force

SEC vows to strengthen anti-money laundering measures

The Securities and Exchange Commission (SEC) announced on Tuesday its commitment to strengthening measures against money laundering and terrorism financing following the Philippines' removal from the European Union's list of high-risk jurisdictions.
Read full story

DOJ welcomes EU's decision to remove PH from high-risk financial list

On Friday, the Department of Justice (DOJ) welcomed the European Commission's (EC) decision to remove the Philippines from its list of high-risk jurisdictions for financial crimes.
Read full story

Philippines removed from EU's high-risk money laundering list

The European Commission has removed the Philippines from its list of jurisdictions with high risk for money laundering and terrorism financing following a review by the Financial Action Task Force (FATF) earlier this year.
Read full story

Marcos Jr. honors officials for removing Philippines from FATF gray list

President Ferdinand Marcos Jr. awarded Cabinet members and other government officials for removing the Philippines from the Financial Action Task Force (FATF) gray list.
Read full story

Marcos calls for sustained anti-money laundering efforts post-FATF exit

President Ferdinand Marcos Jr. called for sustained efforts to institutionalize reforms during a recognition ceremony for the National Anti-Money Laundering Committee on Monday.
Read full story

BOC ESS seizes P25.6B in smuggled goods, marks 40% increase

From January to March 2025, the Bureau of Customs' Enforcement and Security Service (ESS) confiscated smuggled goods worth nearly P25.6 billion, marking a 40 percent increase from the same period last year.
Read full story

BSP: Prevent return to FATF gray list amid digital money laundering risks

BSP Governor Eli M. Remolona emphasized the need to prevent the Philippines from returning to the FATF's 'gray list' due to digital technology threats.
Read full story

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.
Read full story

Marcos' POGO ban key in removing PH from FATF grey list

President Ferdinand 'Bongbong' Marcos Jr.'s decision last year to ban Philippine Offshore Gaming Operators (POGOs) contributed significantly to the Philippines being removed from the Financial Action Task Force (FATF) grey list.
Read full story

Philippines removed from FATF grey list due to government reforms

On Saturday, Malacañang announced that the Philippines has been removed from the Financial Action Task Force (FATF) grey list due to government efforts and reforms in combating money laundering and terrorism financing.
Read full story