grey list

BOC: Efforts vs. cash smuggling helped in PH removal from grey list

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The Bureau of Customs (BOC) said Friday its strict border control measures against illicit cash smuggling have played a crucial role in the Philippines’ removal from the Financial Action Task Force (FATF) Grey List. According to the BOC, its intensified crackdown against smuggling, deployment of cash-sniffing dogs, upgraded baggage scanning systems and expanded capacity-building for … Read more

‘Grey list’ exit to boost foreign investment push —Palace

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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 … Read more