The Bangko Sentral ng Pilipinas (BSP) is optimistic that the Philippines would not return to the list of countries identified as risks to the international financial system as it remains confident that amendments to the anti-money laundering law would be approved soon.

In a virtual briefing on Friday, Bangko Sentral Governor Benjamin Diokno recalled that the Financial Action Task Force’s (FATF) 2019 evaluation of the country saw gaps in its laws and regulations on anti-money laundering and counterterrorism financing.

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