APG 1st Follow-Up Report-Philippines 2020
The mutual evaluation report (MER) of the Philippines was published in October 2019. This follow-up report analyses the progress of the Philippines in addressing the technical compliance deficiencies identified in its MER.
The Philippines has made sufficient progress to be re-rated on two recommendations:
On Recommendation15, which was amended after the MER was adopted, the Philippines has been re-rated from Compliant to Partially Compliant.
The Philippines will remain in enhanced (expedited) follow-up, and will continue to report back to the APG on progress to strengthen its implementation of AML/CFT measures.