The Philippines is a step closer to exiting the Financial Action Task Force (FATF) grey list, the global anti-money laundering watchdog, according to the Anti-Money Laundering Council (AMLC).
For example, the cyberscam syndicates operating in Laos and Cambodia, that have Filipino workers there, remain a tough nut to crack,” Opiniano told this newspaper.“Simple acts of buying or borrowing ATMs owned by Filipino workers is another, like in Taiwan or Hong Kong, or Filipino-foreigners getting involved in Ponzi schemes and targeting compatriots in the US,” he added.
As early as last year, President Ferdinand Marcos Jr.ordered agencies to have their own anti-money laundering strategies and reorganized the government’s interagency task force to include anti-terrorism finance in its agenda.“We must continue our efforts to ensure that our reforms are implemented and sustained.
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