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Image header Agence Europe
Europe Daily Bulletin No. 13586
Contents Publication in full By article 20 / 29
ECONOMY - FINANCE - BUSINESS / Money laundering

FATF withdraws Philippines from its heightened surveillance

The Financial Action Task Force (FATF) has removed the Philippines from its heightened surveillance following a successful on-site visit, according to an announcement made on Friday 21 February at its plenary meeting.

The Philippines could therefore be removed from the EU’s list of high-risk third country jurisdictions with strategic deficiencies in their anti-money laundering/combating terrorist financing (AML/TF) regime (see EUROPE B13373A16). However, the process of updating the...

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