Manila, Sept. 16 -- The government further increased its measures against corruption and illicit financial transactions in the country's extractive industry following the Philippines' removal from the Financial Action Task Force's (FATF) gray list last February.

This, after the signing of a data sharing agreement (DSA) between the Securities and Exchange Commission (SEC) and the Department of Finance (DOF) at the DOF office in Manila last Sept. 3, in support of the Philippine Extractive Industries Transparency Initiative (PH-EITI).

The PH-EITI was established through Executive Order No. 147, series of 2013, and was placed under the DOF. It serves as the country's implementing body of the global EITI.

One of the main requirements under ...