SEC optimistic that PH will exit FATF's grey list

By Earl John Alfaro

Jul 02, 2024 12:28 am

THE Securities and Exchange Commission (SEC) expects the Philippines to be dropped from an anti-money laundering watchlist given progress made with regard to addressing strategic deficiencies.

The Financial Action Task Force (FATF) last Friday kept the country on its 'grey list' — states that are subject to increased monitoring due to faults in their systems — but also noted that it had trimmed its list of action items to three out of 18.

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