Philippines working to exit money laundering ‘grey list’ —BSP chief

January 10, 2023 - 3:04 PM
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Bangko Sentral ng Pilipinas headquarters in Manila. The central bank’s first quarter Consumer Expectations Survey (CES) for 2018 showed an index of 1.7 percent, down from the previous quarter’s 9.5 percent and year-ago’s 8.7 percent. (Reuters file photo)

 The Philippines is working on getting removed from a global money laundering watchdog’s “grey list”, the country’s central bank chief said on Tuesday.

Bangko Sentral ng Pilipinas Governor Felipe Medalla told a media forum that the Southeast Asian country was “doing a whole of government approach” to exit the Financial Action Task Force (FATF) list.

—Reporting by Neil Jerome Morales; Editing by Ed Davies