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Welcome remarks - Presidential and National Anti-Money Laundering, Counter-Terrorism Financing, Counter Proliferation Financing Coordinating Committee (NACC) Recognition Ceremony

· Eli M Remolona, Governor of the Bangko Sentral ng Pilipinas (Philippines)

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· Eli M Remolona Wiki · Bangko Sentral ng Pilipinas WikiWelcome remarks - Presidential and National Anti-Money Laundering, Counter-Terrorism Financing, Counter Proliferation Financing Coordinating Committee (NACC) Recognition Ceremony

ContextWelcome remarks by Eli M Remolona, Jr, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the Presidential and National Anti-Money Laundering, Counter-Terrorism Financing, Counter Proliferation Financing Coordinating Committee (NACC) Recognition Ceremony, Manila, 5 May 2025.

Why it mattersThe Philippine governor marks the country's exit from the FATF grey list after years of reforms.

Problems raised
  1. Grey listing by the FATF cuts investment and capital flows.
  2. The Philippines had gaps in anti-money-laundering rules.
  3. Financial crime threatens the system.
Solutions proposed
  1. Exit the FATF grey list through reforms.
  2. Make it a presidential priority.
  3. Keep fighting financial crime.
Read full speech on bis.org ↗

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