The exit 'will support business, strengthen the country's position as an attractive destination for foreign direct investment, and benefit Filipinos, particularly OFWs,' the Marcos government says

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.