On the Philippines’ Exit from the FATF Grey List

Being the principal author of the Amended Anti Money Laundering Act and a longtime advocate of empowering the Philippine government to go after dirty money and punishing those responsible for having our country tagged as a haven for criminal elements involved in financial crimes and other related criminal activities, it is indeed a welcome development that after so many years since the passage of the law, we are now out of the FATF grey list.

Commendations are in order for this administration, particularly those who worked hard to accomplish this feat.

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