{"id":777016858,"date":"2024-07-01T09:47:49","date_gmt":"2024-07-01T12:47:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016858"},"modified":"2026-04-22T08:36:40","modified_gmt":"2026-04-22T11:36:40","slug":"the-philippines-remains-on-fatf-grey-list-4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-philippines-remains-on-fatf-grey-list-4","title":{"rendered":"The Philippines remains on FATF grey list"},"content":{"rendered":"\n<p>The FATF said the Philippines should continue to work on implementing its action plan to address strategic deficiencies.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- The Financial Action Task Force (FATF) has decided to keep the Philippines on its &#8220;grey list&#8221; of untrustworthy destinations for anti-money laundering and counter-terrorism financing (AML\/CFT) following six days of Plenary and Working Group Meetings in Singapore. Jamaica and Turkey have been removed.<\/p>\n\n\n\n<p>The body again urged the Philippines to work on its action plan to address strategic deficiencies, the deadline for which expired in January 2023. The country was put on the FATF grey list in June 2021 after an evaluation by the Asia-Pacific Group on Money Laundering (APG) highlighted 18 deficiencies in AML\/CFT controls.<\/p>\n\n\n\n<p>In January,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/president-marcos-wants-philippines-off-fatf-grey-list-by-october\" target=\"_blank\" rel=\"noreferrer noopener\">president\u00a0Marcos Jr set a target<\/a> for the country\u2019s removal from the list by October and ordered the Anti-Money Laundering Council (AMLC)\u00a0to intensify efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FATF said the Philippines should continue to work on implementing its action plan to address strategic deficiencies.<\/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 Financial Action Task Force (FATF) has decided to keep the Philippines on its \"grey list\" for strategic deficiencies in anti-money laundering and counter-terrorism financing (AML\/CFT) controls, despite the country's expired action plan deadline. This decision, following meetings in Singapore, underscores ongoing international scrutiny and the need for intensified efforts by the Anti-Money Laundering Council (AMLC) to address the 18 identified deficiencies.","focusai_entities":"Financial Action Task Force (FATF), Asia-Pacific Group on Money Laundering (APG), Anti-Money Laundering Council (AMLC), Marcos Jr","focusai_location":"Philippines, Singapore, Jamaica, Turkey","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.98), operator_casino (0.9), payments_fraud_aml (0.98), investor_analyst (0.9), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on iGaming Licensing?","query":"How will the Philippines' continued FATF grey-listing impact its attractiveness for new iGaming B2B\/B2C licensing and existing operator compliance costs?"},{"label":"Capital Flow Implications?","query":"What are the projected capital flow implications and increased due diligence requirements for financial institutions and investors engaging with the Philippines?"}],"footnotes":""},"categories":[156,158,16333],"tags":[23911],"class_list":["post-777016858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-slider-home","category-south-east-asia-news","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016858","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=777016858"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016858\/revisions"}],"predecessor-version":[{"id":777016875,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016858\/revisions\/777016875"}],"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=777016858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}