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IMF: PH made significant progress in addressing money laundering
PTVPhilippines
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12/26/2024
IMF: PH made significant progress in addressing money laundering
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Transcript
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00:00
The International Monetary Fund, or IMF, says the Philippine government has made huge strides
00:06
in addressing money laundering and counter-terrorism financing, a report from the Philippine News
00:11
Agency says.
00:12
The Marcos administration has been taking steps to curb money laundering and counter-terrorism
00:17
financing as a way of preventing illegal activities from continuing by limiting the financial
00:22
capacity of such ventures.
00:24
Meanwhile, the Financial Action Task Force, a global money laundering and terrorist financing
00:29
watchdog, determined the Philippines has substantially completed its action plan, which is a welcome
00:35
development.
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