Financial Action Task Force

The Financial Action Task Force (FATF) is an international organization that sets global standards to combat money laundering and terrorist financing. The Philippines was removed from the FATF gray list in February 2025 after addressing strategic deficiencies, marking a significant milestone in its efforts to strengthen its anti-money laundering framework. This delisting is expected to improve the country's financial standing and benefit Overseas Filipino Workers by reducing remittance costs and enhancing financial security.