The Philippines' progress in strengthening measures to tackle money laundering and terrorist financing

APG-Follow-Up-Report-Philippines-2021

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The Philippines has made notable progress in addressing the technical compliance deficiencies identified in the MER.

  • Recommendations 4, 6, 7, 22, 23 and 24 have been re-rated to Largely Compliant.

The Philippines FUR was adopted by the APG membership in July 2021.

The Philippines will move from enhanced (expedited) to enhanced follow-up, and will continue to report back to the APG on progress to strengthen its implementation of AML/CFT measures.

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