Manila, Feb. 28 -- The Philippines' removal from the Financial Action Task Force's (FATF) gray list is expected to drive job creation and attract more investments, former Senator Panfilo Lacson said Friday.

Lacson attributed the country's improved standing to key legislative measures, including the passage of the Anti-Terrorism Act of 2020 and the strengthening of the Anti-Money Laundering Act (AMLA) - laws he either authored, co-authored, or sponsored.

He also cited the total ban on Philippine offshore gaming operators (POGOs) as a crucial factor.

"Being taken off the gray list should increase investor confidence in the country. The provisions in the Anti-Terrorism Act on terrorist financing, along with the strengthened Anti-Money Lau...