The FATF global financial crime watchdog removes Philippines from ‘grey’ list

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The logo of the FATF (the Financial Action Task Force) is seen at the OECD Headquarters in Paris, France, October 18, 2019. (Reuters/Charles Platiau/File Photo)

PARIS  The Financial Action Task Force (FATF), a global anti-money laundering watchdog, said on Friday it had removed the Philippines from its ‘grey’ list of countries under increased scrutiny, while it added Laos and Nepal to that list.

It added that Russia’s membership of the FATF remained suspended.

—Reporting by Charlotte Van Campenhout;Editing by Sudip Kar-Gupta

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