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Meeting of Asia Pacific Joint Group on Money Laundering

· Benjamin E Diokno, Governor of the Bangko Sentral ng Pilipinas (Philippines)

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· Benjamin E Diokno Wiki · Bangko Sentral ng Pilipinas WikiMeeting of Asia Pacific Joint Group on Money Laundering

ContextOpening remarks by Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the Meeting of Asia Pacific Joint Group on Money Laundering, 4 May 2022.

Why it mattersDiokno presents measures to exit the FATF grey list.

Problems raised
  1. The Philippines is on the FATF grey list.
  2. Cross-border controls are weak.
  3. Money laundering risks exist.
Solutions proposed
  1. Implement the FATF action plan.
  2. Apply cross-border measures at ports and airports.
  3. Detect false currency declarations.
Read full speech on bis.org ↗

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