In the Philippines, foreign exchange transactions—particularly the buying of foreign currencies—are regulated. Individuals ...

THE PHILIPPINES is so far on track to achieve its target of exiting the Financial Action Task Force’s (FATF) “gray list” by next month, the central bank’s top official said.

The Philippines has long been under international pressure to lift its bank secrecy laws due to the global trend toward financial transparency. While the FATF has agreed that the Philippines has ...