BSP: OFWs to gain from 'gray' list exit

Oct 30, 2024 12:42 am

OVERSEAS Filipino workers (OFWs) are expected to benefit from the country's expected exit next year from a dirty money watch list, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.

The Paris-based Financial Action Task Force (FATF) last Friday kept the Philippines in the 'gray' list of jurisdictions under increased monitoring, but also said that it had already acted to address previously identified deficiencies.

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