Philippines determined to exit financial grey list, says c.bank governor

1 Minute Read by Reuters Staff (Reuters) – MANILA, July 1 (Reuters) – Philippine authorities will “work tirelessly” to ensure compliance with a global money laundering watchdog’s proposal and remove its “grey list” on or before 2023, according to the central bank governor. The addition of a country to the Financial Action Task Force’s (FATF) grey list does not automatically imply the execution of countermeasures, according to central bank Governor Benjamin Diokno. In June, the Philippines was added to the FATF’s list of nations. Neil Jerome Morales contributed reporting, and Martin Petty edited the piece./nRead More