The Philippines is no longer on the European Commission’s (EC) AML/CFT high-risk list. This shows the country has improved its fight against money laundering and terrorism financing. The Philippines met international standards to tackle financial crime. The European Commission is the executive arm of the European Union (EU). It watches countries with weak anti-money laundering and counter-terrorism rules. The Philippines, along with Barbados, Jamaica, Senegal, and Uganda, was removed after fixing key issues. These issues were first…
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