PHILIPPINES OUT OF FATF GREY LIST
During the final plenary session of the Financial Action Task Force (FATF) in Paris, France on 19-21 February 2025, the FATF Plenary announced the removal of the Philippines in the grey list and congratulated the Philippines for the positive progress in addressing the strategic anti-money laundering and countering the financing of terrorism and proliferation financing (AML/CFT/CPF) deficiencies previously identified during evaluations. The Philippines has completed its Action Plan to resolve the identified strategic deficiencies within agreed timeframes and will no longer be subject to the FATF’s increased monitoring process.
