3 issues thwart PHL bid to exit FATF grey list

Quick Summary:

THE Philippines has again fallen short of exiting the grey list of the Paris-based Financial Action Task Force (FATF).

Nonetheless, Kumar recognized the country’s “steady progress” in increasing its money-laundering investigations and prosecutions.“Three out of 18 action items remain outstanding.

For its part, the Anti-Money Laundering Council (AMLC) assured that the country is working on its action plan to address its remaining deficiencies.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Financing Action List Kumar Philippines Grey Country Fatf Items Amlc Laundering

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 16:09:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 638 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21410796

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 62 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 17 hours ago

Coverage Areas: Philippines

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Publication Timezone: GMT +8:00

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