Sanctions Screening in the Philippines

Following a recent review of the country’s sanctions screening programs, the Philippines Anti-Money Laundering Council (AMLC) issued guidance highlighting key gaps, deficiencies, and opportunities for regulated firms. Improving compliance will be a key priority for the country as it seeks removal from the Financial Action Task Force (FATF) grey list by January 2024.

Our new guide covers the major trends and observations covered by the AMLC. Download your copy now to learn more about:

• When - and how - to perform sanctions screening
• How firms can minimize the risk of non-compliance
• The causes of an ineffective sanctions program
• Best practices to adopt
• Common themes in the AMLC review