BSP hopeful of exit from FATF grey list

Quick Summary:

THE Bangko Sentral ng Pilipinas (BSP) remains hopeful that the Philippines could receive good news in the upcoming meeting of the Financial Action Task Force (FATF) Plenary and Working Group Meetings next month.

The FATF is scheduled for an onsite assessment which will verify the implementation of AML/CFT reforms done by the country and whether these are being sustained.

The Anti-Money Laundering Council also said FATF member countries can impose restrictions and additional checks, and possibly refusal of financial transactions with countries in the blacklist.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesFrance

Topics: Financial Meeting Monetary February Philippines Exit Country Fatf Grey Meetings List

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 12:25:28 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 495 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 25318739

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