Authorities in the Philippines up their game as they try and get off the AML/CFT gray list. The Financial Action Task Force has been reluctant to remove them over failure to mitigate certain primary issues linked to junkets and information sharing. Despite having passed its deadlines for remediation, the nation is now urging its institutions to up the ante as it aims to achieve international recognition.

The Philippines' Presidential Office has issued a Memorandum Circular instructing key government agencies, including the gaming regulator PAGCOR, to conduct a comprehensive review and evaluation of their regulatory requirements.

Due to the Philippines' failure to adequately address gaps in its anti-money laundering and terrorist financing regime, the Paris-based Financial Action Task Force (FATF) has retained the country on its gray list for the second straight year.

The Philippines has been granted another year in order to meet requirements by the international financial watchdog on money laundering in order to remove itself from their grey list.

Australia’s anti-financial crimes watchdog (AUSTRAC) has warned that Australia risks being put on a gray list of countries subject to greater scrutiny by international regulators if it doesn’t do more to combat money laundering.

The Philippines remains on the Financial Action Task Force’s (FATF) gray list after its latest review, with the anti-money laundering body continuing to express concern over monitoring of casinos and junkets.

The Philippines says it’s now confident that it will avoid being placed on the Financial Action Task Force (FATF) gray list after the House of Representatives approved amendments to its anti money laundering bill.

The Philippines is likely to postpone its deadline to exit the global FATF grey list to 2025.

The Philippines is likely to exit the “grey list” of the Financial Action Task Force (FATF) soon, despite a high incidence of money laundering, mainly in the gaming sector, says a Moody’s analyst.

The Philippines' gross gaming revenue (GGR) growth is "still filled by the regulatory framework," Daniel Cheng told AGB on the sidelines of the ASEAN Gaming Summit.