‘Hot money’ continues to exit PHL

REUTERS By Luz Wendy T. Noble, Reporter MORE SHORT-TERM foreign investments left the Philippines in September, as investors remained wary amid the Delta-driven coronavirus surge. Foreign portfolio investments — commonly referred to as “hot money” due to the ease by which these flows enter or leave an economy — posted […]

PHL on track to exit ‘gray list’ by 2023

REUTERS THE ANTI-MONEY Laundering Council (AMLC) expressed confidence the Philippines will be removed from the Financial Action Task Force’s (FATF) “gray list” by January 2023, as it works with other government agencies to plug gaps in implementing measures against “dirty money” and terrorism financing. The FATF on Friday kept the […]

Philippines remains on FATF’s gray list

A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries under increased monitoring for money laundering and terrorism financing risks, despite some progress in implementing measures against such financial crimes, according to the Financial Action Task […]

Philippines remains on FATF’s gray list

A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries under increased monitoring for money laundering and terrorism financing risks, despite some progress in implementing measures against such financial crimes, according to the Financial Action Task […]

Philippines remains on FATF’s gray list

A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries under increased monitoring for money laundering and terrorism financing risks, despite some progress in implementing measures against such financial crimes, according to the Financial Action Task […]

Philippines remains on FATF’s gray list

A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries under increased monitoring for money laundering and terrorism financing risks, despite some progress in implementing measures against such financial crimes, according to the Financial Action Task […]