IMF: PH made significant progress in addressing money laundering

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00:00The International Monetary Fund, or IMF, says the Philippine government has made huge strides

00:06in addressing money laundering and counter-terrorism financing, a report from the Philippine News

00:11Agency says.

00:12The Marcos administration has been taking steps to curb money laundering and counter-terrorism

00:17financing as a way of preventing illegal activities from continuing by limiting the financial

00:22capacity of such ventures.

00:24Meanwhile, the Financial Action Task Force, a global money laundering and terrorist financing

00:29watchdog, determined the Philippines has substantially completed its action plan, which is a welcome

00:35development.

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