BSP chief: PH unlikely to exit gray list this year

THE Philippines is unlikely to be removed from a global dirty money watchlist this year, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said, as it will be unable to fully dress remaining deficiencies.

Last month, the Paris-based Financial Action Task Force (FATF) last month kept the Philippines on the “gray list” of countries that need increased monitoring.