Philippines Justice Department pledges continued action against financial crime
The Philippines Department of Justice said it would continue tackling money laundering, terrorism financing and related financial crimes after the European Commission removed the country from its high-risk list. Justice Secretary Jesus Crispin Remulla said the delisting reflected action on anti-money-laundering and counter-terrorism-financing deficiencies; casinos became subject to the country's anti-money-laundering law under 2017 legislation.
The stated commitment includes continued scrutiny of casinos, which have been covered by the Philippines' anti-money-laundering law since 2017.