The International Financial Services Centre Authority (IFSCA) on March 05, 2025, issued a notification regarding the Financial Action Task Force (FATF) High risk and other monitored jurisdictions.
The following has been stated: -
•The Financial Action Task Force (FATF) released a public statement on February 21, 2025, highlighting high-risk jurisdictions and those under increased monitoring due to strategic deficiencies in Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT).
•Notably, the Philippines was removed from the monitoring list. FATF continues its efforts to address global AML/CFT gaps. Detailed information is available on FATF's official website.
The detailed notification is given in the document below.
