Inclusion in blacklist

(List of Non-Cooperative
Countries and Territories)
June
RA 9194
2000
A Chronology of the Philippines’
Sept
2001 Anti-Money Laundering and Counter-Terrorism Financing
March
2003 Second Mutual Evaluation
Technical and Effectiveness Compliance
(Technical Compliance only)
RA 9160
Feb
(AMLA) 2005

2008 Downgrade to dark grey list

Removal from blacklist
Feb
2010
Feb RA 10365
2012

Inclusion in grey list June

2012
Feb RA 10927
2013 Removal from watchlist Inclusion in grey list
June
RA 10167
RA 10168 (TFPSA)
2013
Upgrade to grey list July June
2017 2021
Removal from grey list Nov Jan
Inclusion in watchlist 2018 2021
July
2020 RA 11521
Third Mutual Evaluation
(Technical and Effectiveness Compliance) RA 11479 (ATA)
 Inclusion in blacklist
(List of Non-Cooperative
Countries and Territories)
June
RA 9194
2000
A Chronology of the Philippines’
Sept
2001 Anti-Money Laundering and Counter-Terrorism Financing
March
2003 Second Mutual Evaluation
Technical and Effectiveness Compliance
RA 9160
Feb
In 2000,
(AMLA) prior to the passage2005
of Republic Act No. (RA) 9160 or the Anti-Money Laundering Act of 2001 (AMLA), the Philippines was placed on the
Financial Action Task Force (FATF) list of Non-Cooperative Countries and Territories (NCCT) or the “blacklist” for having no basic legal anti-money
laundering (AML) framework. 2008 Downgrade to dark grey list
Removal from blacklist
Feb the AMLA. The Philippines was removed from the NCCT list in February 2005.
In March 2003, RA 9194 was signed into law, amending
2010
In 2008, due to the lack of counter-terrorism financing (CTF) laws
Feb
and other required regulations, the Philippines was included in the grey list in
February 2010 and had until December 2011 to address its identified AML/CTF deficiencies.
2012 RA 10365
The Philippines, however, failed to meet the deadline. Thus, in February 2012, the country was downgraded to the “dark grey list.”
June
Inclusion in grey list
With the passage of RA 10167 and RA 10168 or the Terrorism Financing2012 Prevention and Suppression Act of 2012 in June 2012, the Philippines
returned to the grey list and was urged to fully address its remaining deficiencies. Feb RA 10927
2013 Removal from watchlist Inclusion in grey list
In February 2013, RA 10365, which further amended the AMLA, was signed into law. The country
June
exited the grey list in June 2013 but remained on
the watchlist. RA 10167
RA 10168 (TFPSA)
2013
It was only in July 2017, when the Philippines was removed from
Upgrade to greythe July
list watchlist with the passage of RA 10927 or commonly known as the Casino June
Law. 2017 2021
Removal
In June 2021, the FATF included the Philippines in the list of “Jurisdictions underfrom Nov
grey list Monitoring” or the grey
Increased list. Jan
Inclusion in watchlist 2018 2021
Grey-listed jurisdictions, such as the Philippines, must swiftly resolve all identified AML/CTF deficiencies within a timeframe and must report its
July
progress to the FATF frequently, thus, the term “increased monitoring.”
2020 RA 11521
Third Mutual Evaluation
RA 11479 (ATA)