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Philippines Stays on FAFT Gray List Over Casino Junket Money LaunderingWritten by: Philip Conneller

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The Philippines will remain on a global money-laundering “gray list” until it can mitigate risks associated with casino junkets, the Financial Action Task Force (FATF) has said. Paris-based FATF is an intergovernmental organization founded by the G7 to combat money laundering and terrorism financing. A FATF gray-listing exerts pressure on a nation’s economy by stymying
The post Philippines Stays on FAFT Gray List Over Casino Junket Money Laundering appeared first on Casino.org.
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