Philippine Anti-Money Laundering Council says junket risk management underway, in effort to exit FATF greylist

In response to a statement from the Financial Action Task Force (FATF), the Philippines Anti-Money Laundering Council (AMLC) says that key government agencies have ‘rallied behind’ new directives, including implementing AML/CTF (anti money laundering, counter terrorism financing) controls ‘to manage risks linked with casino junkets’.