The Philippines has been recognized on the global stage once again after being removed by the European Commission from the list of “high-risk jurisdictions” concerning money laundering and terrorism financing.
According to the Department of Justice (DOJ), this decision is proof that the country has successfully implemented reforms against illegal money and financial terrorism.
Justice Secretary Boying Remulla emphasized that this achievement is a result of the diligent leadership of the Marcos administration under the “Bagong Pilipinas” initiative. He stated that the DOJ will further strengthen the implementation of policies to maintain the integrity of the economy.
Alongside the Philippines, Barbados, Jamaica, Senegal, and Uganda were also removed from the list. Currently, only three countries in Southeast Asia remain under monitoring by the European Union (EU): Laos, Myanmar, and Vietnam.
It is noteworthy that in February 2025, the Philippines was also removed from the Grey List of the Financial Action Task Force (FATF).