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 is no longer on the list of countries under heavy scrutiny by the top global money laundering and terrorism financing watchdog.

The National Union of Peoples’ Lawyers has expressed concerns over the Philippines’ removal from the Financial Action Task Force’s grey list, calling it a “pyrrhic victory” linked to political repression.

Authorities say this would help attract investments and aid overseas Filipino workers who send remittances through banks.

The DOJ welcomed the Philippines' exit from an international body's anti-dirty money “grey list”, saying prosecutors had a vital role in going after money launderers and terrorism financiers.

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 Financial Action Task Force (FATF), a global anti-money laundering watchdog, said on Friday it had removed the Philippines from its 'grey' list of countries under increased scrutiny, while it added Laos and Nepal to that list.

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.