Encouraged to expedite removal from the “gray list”
IMF wants aggressive action against "dirty money" Philippines' MANILA The Financial Action Task Force (FATF), a global organization that monitors the use of dirty money, has encouraged the Philippines to step up efforts to be removed from the gray list. The 2023 IMF Article IV consultation team's mission leader, Shanaka Jayanath Peiris, stated that the international lender believes the Philippines has to step up efforts to strengthen its anti-money laundering/combating the financing of terrorism (AML/CFT) framework. "Efforts to be removed from the FATF gray list should be stepped up and would benefit from the publication of a credible timeline to…