The Philippines is set to enjoy lower foreign remittance costs for its millions of workers overseas and better investor perception following its removal from the global dirty money “gray list,” which had put the country’s system against money laundering and terrorism financing under heightened scrutiny for over three years.

MANILA: House Speaker Martin Romualdez said the Philippines' exit from the "grey list" of the Paris-based watchdog Financial Action Task Force (FATF) is "good news" for overseas Filipino workers (OFWs).

The Philippine government expects its removal from a global money laundering watchdog's "gray list" to lead to a credit rating upgrade. The Financial

The Philippines has been taken off a global watchdog’s dirty-money list, a move that could spur remittances and foreign investments in one of Asia’s fastest-growing economies.

The Philippines has been removed from the Financial Action Task Force “grey list” of countries under increased monitoring for money laundering and

The Philippine government welcomed the country’s removal from a global watchdog’s dirty-money list, which could spur remittances and foreign investments in one of Asia’s fastest-growing economies. The Financial Action Task Force’s (FATF) decision to take Manila off the list is expected to “facilitate faster and lower-cost cross-border transactions,