Legal
March 7, 2022
FATF: Philippines Should Continue Strengthening AML, CFT Regime
The global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), released on Friday its latest report regarding jurisdictions that are under increased monitoring. This list is also referred to as the “grey list.” The watchdog explained that countries on the grey list are collaborating with the FATF to resolve deficiencies related […]
Industry
September 7, 2021
Malta-Based Gaming Operators Watch as Local Financial Firms Jump Ship
Malta was once seen as a great location from which to operate a number of industries, including gaming. It still is, to some degree, but recent reports about instability at the local level might be making some operators nervous. After the Financial Action Task Force (FATF) put the Mediterranean hot spot on its grey list, […]
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 […]