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The Philippines exits FATF's gray list, boosting foreign investment and reducing remittance costs.
The Philippines has been removed from the FATF's gray list, a move expected to attract more foreign investments and reduce remittance fees for Filipino migrant workers.
President Marcos Jr.'s government credits the progress to efforts in combating money laundering and terrorist financing, fulfilling 18 required actions set by the FATF.
The removal signifies improved financial oversight and regulatory standards in the country.
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Filipinas abandona la lista gris del GAFI, impulsando la inversión extranjera y reduciendo los costos de envío de remesas.