Read this in The Manila Times digital edition.
LAST Sunday's deadly bombing in Marawi could affect the Philippines' bid to secure more business from international banks and exit the Financial Action Task Force's (FATF) "gray list," Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said.
The Paris-based FATF, the global money laundering and terrorist financing watchdog, has given the country up to January next year to implement reforms. The Philippines — previously blacklisted from 2000 to 2004 — was returned to the gray list in 2021 due to "strategic deficiencies."
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