Topic

Financial Action Task Force

The Financial Action Task Force (FATF) is an international organization that sets standards to combat money laundering and terrorist financing. The Philippines was removed from FATF's gray list in February 2025, marking progress in its efforts to strengthen anti-money laundering and counter-terrorism financing measures. This development has led to benefits such as lower remittance fees for Overseas Filipino Workers and improved international financial trust in the country.

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This is an AI-generated summary based on recent coverage. It was last updated on Fri, October 24, 2025 at 8:08 AM

Latest Stories

Recent developments on Financial Action Task Force

Thu, October 23, 2025 at 11:33 AM

SEC proposes stricter beneficial ownership disclosure rules

The Philippine Securities and Exchange Commission (SEC) is proposing stricter guidelines for companies to disclose beneficial ownership information.

Wed, October 8, 2025 at 2:19 PM

Gretchen Ho seeks clarification after relatives denied FX at Oslo Airport

Filipino TV host Gretchen Ho is seeking clarification after her senior citizen relatives were denied foreign exchange services at Oslo Airport.

Tue, October 7, 2025 at 9:33 AM

Filipino traveler denied FX at Oslo airport due to corruption concerns

A relative of broadcast journalist Gretchen Ho was denied foreign currency exchange services at Oslo Airport in Norway due to concerns about corruption and money laundering in the Philippines.

Thu, October 2, 2025 at 10:39 PM

Banks have robust systems to trace depositor wealth

Philippine banks, including BPI, have robust systems in place to identify the sources of depositor wealth, a measure crucial for complying with anti-money laundering regulations.

Tue, September 16, 2025 at 3:11 PM

SEC, DOF ink data-sharing deal to boost beneficial ownership transparency

The Securities and Exchange Commission (SEC) and the Department of Finance (DOF) signed a data-sharing agreement on September 3 to enhance transparency in beneficial ownership of companies, particularly in the extractive sector.

Tue, September 16, 2025 at 12:00 AM

AMLC assures PH won't return to FATF gray list amid corruption probe

The Anti-Money Laundering Council (AMLC) assures that the Philippines faces no risk of returning to the Financial Action Task Force (FATF) gray list, despite ongoing corruption scandals.

Tue, June 17, 2025 at 3:16 PM

SEC strengthens AML/CFT rules after grey list delisting

The Securities and Exchange Commission (SEC) will strengthen its anti-money laundering and terrorism financing (AML/CFT) rules following the Philippines' delisting from the Financial Action Task Force (FATF) grey list and the European Commission's (EC) list of high-risk jurisdictions.

Thu, June 12, 2025 at 4:57 PM

ECCP urges full AFASA implementation after money laundering list delisting

The European Chamber of Commerce of the Philippines (ECCP) is pushing for the full implementation of the Anti-Financial Account Scamming Act (AFASA) following the Philippines' delisting from the European Commission's list of high-risk countries for money laundering.

Wed, June 11, 2025 at 11:07 AM

EC removes PH from money laundering high-risk list

The European Commission has removed the Philippines from its list of high-risk countries for money laundering and terrorism financing.

Sun, May 11, 2025 at 12:20 AM

SEC recognized for PH exit from FATF gray list

The Securities and Exchange Commission (SEC) was recognized by the Office of the President for its role in the Philippines' exit from the Financial Action Task Force (FATF) gray list.