Malacañang on Saturday welcomed the Paris-based Financial Action Task Force’s (FATF) decision to remove the Philippines from its list of jurisdictions notorious for being safe havens of money laundering and terrorism financing.
Following its three-day plenary, the FATF announced the country is no longer under its increased monitoring for dirty money, nearly four years since its inclusion in the so-called “grey list.”
“Our well-earned exit from the Financial Action Task Force’s (FATF) grey list boosts our drive to attract job-creating, growth-inducing foreign direct investments,” Executive Secretary Lucas Bersamin said in a statement.
“For so long, our investment…