Business
June 28, 2021
Philippines the Latest to Be Added to the FATF’s Naughty List
The Philippines needs to become more proactive in fighting financial crime. That’s the message the Financial Action Task Force (FATF) sent out last Friday when it added the country to its grey list, the ledger that sits right next to the agency’s blacklist. The Philippines join two European countries, Malta and Romania, which were added […]
Legal
June 24, 2021
FATF Places Malta on the Greylist for AML Strategic Weaknesses
A global anti-money laundering (AML) regulator voted to include for the first time to its grey list a country member of the European Union. First EU Member on the Greylist Members of the Financial Action Task Force (FATF) decided shortly after 2.30 pm Wednesday to greylist Malta and put it in the same category as […]