Exit from FATF grey list seen boosting PHL growth

Quick Summary:

The declaration of the Paris-based Financial Action Task Force (FATF) that the country is inching closer to its exit from the grey list as it has met its deficiencies bodes well for the Philippines’s economy.

If the assessment is positive, there’s a strong possibility that we will finally exit the grey list,” Ravelas said.

The FATF flagged the country for supposed inadequacies in the effectiveness of the targeted financial sanctions framework (TFS) for both terrorism financing and proliferation financing.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesUnited Kingdom

Topics: Financing Grey Visit Financial Fatf Exit Last Country’s Action List Country

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 16:18:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 557 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23267604

View Article Analysis

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: 13 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions