target to exit the list by October this year<\/a>. The Philippines has been on the list since June 2021,<\/p>\n\n\n\nThe FATF previously said the Philippines needs to demonstrate effective supervision of anti-money laundering (AML) and combating the financing of terrorism (CFT) controls in sectors vulnerable to financial crimes, including casinos, legal, accounting and real estate.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Financial Action Task Force has published its latest statement.<\/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 (FATF) grey list, indicating persistent deficiencies in its Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) frameworks. This status, which has been in effect since June 2021, specifically highlights concerns within vulnerable sectors including casinos, necessitating enhanced regulatory compliance and due diligence for industry stakeholders. President Ferdinand Marcos Jr. has set an ambitious target for the country to exit the list by October this year.","focusai_entities":"Financial Action Task Force, FATF, Ferdinand Marcos Jr.","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.85)","focusai_suggestions":[{"label":"FATF Exit Strategy","query":"What specific legislative or enforcement actions are required for the Philippines to demonstrate sufficient AML\/CFT framework effectiveness to exit the FATF grey list by the stated October target?"},{"label":"Operational Impact","query":"How will the continued FATF grey-listing status impact the cost of capital, cross-border transactions, and operational compliance burdens for iGaming and land-based casino operators in the Philippines?"}],"footnotes":""},"categories":[156,158,16333],"tags":[24038],"class_list":["post-777013458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-slider-home","category-south-east-asia-news","tag-fatf"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013458","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=777013458"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013458\/revisions"}],"predecessor-version":[{"id":777013462,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013458\/revisions\/777013462"}],"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=777013458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}