{"id":777011617,"date":"2023-12-04T08:54:17","date_gmt":"2023-12-04T11:54:17","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011617"},"modified":"2026-04-22T15:01:28","modified_gmt":"2026-04-22T18:01:28","slug":"philippines-amlc-says-still-committed-to-aml-efforts","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-amlc-says-still-committed-to-aml-efforts","title":{"rendered":"Philippines AMLC says still committed to AML efforts"},"content":{"rendered":"\n<p>The Philippines remains on the FATF grey list.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- The <strong>Anti-Money Laundering Council (AMLC) <\/strong>has insisted that the Philippines remains committed to bolstering its anti-money laundering (AML) measures. It said in a release that key government agencies were supporting directives and implementing controls.<\/p>\n\n\n\n<p>Despite the lapse of January 2023 deadlines agreed with FATF, the AMLC said relevant agencies remained dedicated to implementing outstanding action plans. It called on the private sector to contribute.<\/p>\n\n\n\n<p>The country has been on the Financial Action Task Force&#8217;s (FATF) grey list since  June 2021. In October, the FATF\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/fatf-urges-the-philippines-to-swiftly-implement-aml-action-plan\" target=\"_blank\" rel=\"noreferrer noopener\">urged the swift implementation<\/a> of the Philippines&#8217; action plan\u00a0to address strategic deficiencies. Acknowledging progress,\u00a0the FATF highlighted areas where more effort was required, particularly in the controls to mitigate risks linked to casino junkets.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Philippines remains on the FATF grey list.<\/p>\n","protected":false},"author":176,"featured_media":19567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippines remains on the Financial Action Task Force's (FATF) grey list, despite the Anti-Money Laundering Council's (AMLC) assurances of commitment to bolstering anti-money laundering (AML) measures. The FATF continues to urge swift implementation of action plans, specifically highlighting the need for enhanced controls to mitigate risks associated with casino junkets.","focusai_entities":"FATF, AMLC","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on FDI?","query":"How might the Philippines' continued presence on the FATF grey list influence foreign direct investment and capital market access for its iGaming and integrated resort sectors in the next 12-24 months?"},{"label":"Junket Compliance Roadmap?","query":"What specific, actionable steps are Philippine regulators and casino operators implementing to address FATF's concerns regarding AML controls for casino junkets, and what is the projected timeline for these enhancements?"}],"footnotes":""},"categories":[154,16333],"tags":[24038],"class_list":["post-777011617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-south-east-asia-news","tag-fatf"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011617"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011617\/revisions"}],"predecessor-version":[{"id":777011636,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011617\/revisions\/777011636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19567"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}