'Grey list' comeback: Will the Philippines stay off the global money-laundering watchlist?
DUMAGUETE CITY—Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. admitted that the Philippines still faces the risk of returning to the highly shunned grey list, even after the country’s exit in 2025.
This struck a serious note on the need to ramp up government measures against money laundering and terrorism financing, particularly given the country’s continued exposure to illicit financial flows and the fallout from the flood-control controversy.
“To be honest, we have a risk of returning to the
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