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Sanctions Screening in the Philippines

Best Practice Guide

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

Access the guide

Disclaimer: This is for general information only. The information presented does not constitute legal advice. ComplyAdvantage accepts no responsibility for any information contained herein and disclaims and excludes any liability in respect of the contents or for action taken based on this information.

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