00:00After leaving the Financial Action Task Force Gray List, the government is confident that the country will become an attractive hub for foreign investment.
00:09According to AMLOC, this will be seen as a milestone in the government of President Ferdinand R. Marcos Jr.,
00:16especially in the initiative of fighting money laundering and terrorist financing in the Philippines since 2023.
00:24It should be noted that in the EO33 visa, the government laid out a roadmap to address the 18-action plan imposed by the FATF in the country in 2021.
00:36Since the Philippines was removed, the compliance cost is expected to be lowered,
00:41the international transaction will be faster, and the entry of foreign direct investments will be easier.
00:47Like AMLOC, Executive Secretary Lucas Bersamin is also positive about the good effect of this in the Philippines.
00:56According to Bersamin, because of the well-earned exit of the country in the Gray List, Filipinos will be the main beneficiaries here.
