THE Monetary Board has rescheduled its first policy meeting for the year as Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. will be attending Financial Action Task Force (FATF) meetings that could see the country exiting a dirty money watchlist.
THE Monetary Board has rescheduled its first policy meeting for the year as Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. will be attending Financial Action Task Force meetings that could see the country exiting a dirty money watchlist.'The BSP informs the public that the first meeting of the Monetary Board on the monetary policy stance will be held on 13 Feb ruary 2025, instead of 20 Feb ruary 2025,' the BSP said on Tuesday.
'Remolona will be in Paris, France, for FATF plenary and working group meetings beginning Feb. 17 to 20.The FATF in October announced that the Philippines — in the 'gray' list of jurisdictions under increased monitoring since 2021 — had 'substantially completed its action plan' to strengthen the effectiveness of its anti-money laundering and combating the financing of terrorism systems.
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