THE Bangko Sentral ng Pilipinas (BSP) has instructed all financial institutions under its supervision to undertake the necessary measures to help the country get out of the Financial Action Task Force (FATF) "gray" list.

In a circular, the central bank told all BSP-supervised financial institutions (BSFIs) to undertake essential actions, including the prompt freezing and submission of returns, as mandated by relevant targeted financial sanctions (TFS) issuances.

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