President Marcos urged government officials to "exert twice the effort" to sustain the Philippines’ progress in fighting money laundering and terrorist financing, warning against slipping back into the Financial Action Task Force (FATF) grey list.
READ: https://mb.com.ph/2025/5/5/never-let-ph-greylist-again
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READ: https://mb.com.ph/2025/5/5/never-let-ph-greylist-again
Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin
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#ManilaBulletinOnline
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NewsTranscript
00:00Today marks a victory, but let me be clear, the work is not yet finished.
00:05The journey continues.
00:06More importantly, we need to exert twice the effort to sustain our progress.
00:11We must work even harder to institutionalize reforms.
00:15We must tighten our enforcement against money laundering and terrorism financing.
00:20We must strengthen our financial system so that it can withstand the more sophisticated
00:24and technologically advanced challenges faced by the financial sector.
00:30The challenge to all of us is to never allow our country to slip into the gray list again.
00:36As we continue this march forward, let us do so in the spirit of a Bagong Pilipinas,
00:42a nation rooted in transparency, accountability, and inclusive development.