PHILIPPINE STOCKS may advance this week as market sentiment is expected to get a lift from the country’s removal from dirty money watchdog Financial Action Task Force’s (FATF) “gray list” and after the central bank said it would cut banks’ reserve requirement ratios (RRR) next month.

THE Philippines has been removed from the "grey list" of countries under increased monitoring for money laundering and countering the financing of terrorism. Th

The Financial Action Task Force (FATF), a global anti-money laundering watchdog, said on Friday it had removed the Philippines from its 'grey' list of countries under increased scrutiny, while it added Laos and Nepal to that list.

The Philippines has been taken off a global watchdog’s dirty-money list, a move that could spur remittances and foreign investments in one of Asia’s fastest-growing economies.

The Philippine government welcomed the country’s removal from a global watchdog’s dirty-money list, which could spur remittances and foreign investments in one of Asia’s fastest-growing economies. The Financial Action Task Force’s (FATF) decision to take Manila off the list is expected to “facilitate faster and lower-cost cross-border transactions,

Authorities say this would help attract investments and aid overseas Filipino workers who send remittances through banks.

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.