THE Philippines has been removed from the "grey list" of countries under increased monitoring for money laundering and countering the financing of terrorism. Th

The Philippines has been removed from the Financial Action Task Force “grey list” of countries under increased monitoring for money laundering and

The Philippines has been taken off a global watchdog’s dirty-money list, a move that could spur remittances and foreign investments in one of Asia’s fastest-growing economies.

The Philippines celebrates its removal from the FATF 'grey list', a move expected to ease financial transactions and benefit over two million overseas Filipino workers.

The Philippines on Saturday praised its removal from a global financial "grey list" of countries under increased monitoring for money laundering and terrorism financing, a status that can hamper global financial transactions.

After more than three years, the Philippines is finally out of the Financial Action Task Force’s (FATF) grey list or list of jurisdictions under increased monitoring. In a statement late Friday, the FATF said the Philippines made significant progress improving its anti-money laundering and counter-terrorism financing (AML/CTF) regime.