Manila, Feb. 22 -- After more than three years, the Philippines is finally out of the Financial Action Task Force's (FATF) grey list or list of jurisdictions under increased monitoring.

In a statement late Friday, the FATF said the Philippines made significant progress improving its anti-money laundering and counter-terrorism financing (AML/CTF) regime.

"The plenary agreed to take the Philippines off the grey list in recognition of the completion of their action plan, which was agreed in June of 2021. Amongst other efforts and results, the Philippines is now actively combating the risk of dirty money flowing through casinos in the country," FATF President Elisa de Anda Madrazo said in a separate briefing.

"The Philippines is expected ...