The Central Bank of the Philippines reported remarks by Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. calling on government and private sector partners to sustain the country’s anti-money laundering, counter-terrorist financing and CPF efforts following the Philippines’ February 2025 exit from the Financial Action Task Force (FATF) grey list. The message was delivered at a Stakeholders Appreciation Program hosted by the BSP alongside members of the National AML/CFT/CPF Coordinating Committee’s Supervision of Financial Institutions Sub-Committee (SFISC). Governor Remolona highlighted the need to remain “vigilant in addressing emerging risks,” and the release noted SFISC membership spanning the BSP as chair, the Anti-Money Laundering Council, the Securities and Exchange Commission, and the Insurance Commission, with recognition of BSP-supervised sectors that contributed to the FATF outcome.
Central Bank of the Philippines 2025-03-18
Central Bank of the Philippines Governor urges sustained AML CFT CPF vigilance after FATF grey list exit
The Central Bank of the Philippines highlighted remarks by Governor Eli M. Remolona, Jr. urging continued anti-money laundering and counter-terrorist financing efforts post-Philippines' exit from the FATF grey list. Delivered at a Stakeholders Appreciation Program, the message emphasized vigilance against emerging risks and acknowledged contributions from BSP-supervised sectors and the National AML/CFT/CPF Coordinating Committee.