The Philippines is hopeful of being taken off the money laundering 'grey list' of the Financial Action Task Force (FATF) of this year, the country's Anti-Money Laundering Council said on Tuesday.
"A shoutout to all you wonderful humans out there. Domo arigato to our GoTyme Bank colleagues for reaching 2 million customers and 10 billion pesos in deposits in 14 months!" the executive at one of the country's largest conglomerates said in his social media account, LinkedIn.
The Bureau of the Treasury (BTr) allowed Treasury bill (T-bill) yields to rise at the auction Tuesday, awarding the entire upsized offer at its first fund-raising effort for 2024.
The country’s creditworthiness as measured by its net external liability position deteriorated some more in the quarter ending September 2023 to USD50 billion from USD49.6 billion three months earlier, the Bangko Sentral ng Pilipinas (BSP) said.