PBBM leads ceremony recognizing those who contributed to fight vs money laundering and terrorism financing in PH
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NewsTranscript
00:00In a historic win for the Philippines, President Ferdinand Marcus Jr. proudly declared the country's removal from the Financial Action Task Force's Great List.
00:10This triumph in the battle against money laundering and terrorism financing is a testament to the government's hard work and collaboration,
00:18paving the way for a brighter, more transparent future.
00:22As our Noel Talakay from PTV Manila tells us more.
00:25This was part of President Ferdinand Marcus Jr.'s speech during a ceremony in Malacanang to recognize the personnel from virus government agencies for crafting policies and measures to combat money laundering and terrorism financing in the country.
00:50In 2021, the Financial Action Task Force, or FATF, has previously included the Philippines in its gray list.
00:59This list comprises countries with weak policies and laws against money laundering and terrorism financing.
01:06However, in 2024, the Philippines was removed from the gray list.
01:11This means that the country now has strong and clear policies and laws against money laundering and terrorism financing activities.
01:21Kaya naman po, umaksun tayo dahil hindi natin gustong dumagdag pa ito sa mga pasanin ng ating mga kababayan.
01:28Among top government officials honored were Executive Secretary Lucas Bersamin, Department of Interior and Local Government Secretary John Vic Remulia, Justice Secretary Jesus Crispino Remulia, Trade and Industry Secretary Cristina Aldegar Roque,
01:45Banko Central ng Pilipinas Governor Elie Remulona Jr., and many others.
01:51This success is proof of what we as a nation, as a government, and as a people can achieve if we work together.
01:59And as such, it is only fitting that we honor our collective acts of determination, of discipline, and of decisive leadership.
02:06President Ferdinand Marquez Jr., in his speech, he emphasized the importance of going beyond the mere implementation policies and protocols,
02:16urging a deeper commitment to core volleys and practice of integrity in daily life.
02:22It means our OFWs can send money home at a lower cost.
02:26It also means that our businesses face fewer hurdles in securing international financing, which encourages foreign investment.
02:33The chief executive also assured the public that his administration will continue to advocate the fight against money laundering and terrorism financing
02:43because the government under Bagong Pilipinas is built on transparency, accountability, and inclusive development.
02:51From PTV Manila, Luwel Talakay, Balitang Pambansa.