The Bangko Sentral ng Pilipinas (BSP) is strengthening efforts to prevent the Philippines from returning to the Financial Action Task Force’s (FATF) grey list, focusing on digital financial risks. The FATF removed the country from increased monitoring last month after it met all compliance requirements, ending a three-year listing. BSP Governor Eli Remolona said a national risk assessment is underway to identify new threats, particularly in digital transactions, as money laundering schemes evolve. The central bank is also preparing for the FATF’s next review in 2027. Exiting the grey list is expected to improve investor confidence, restore correspondent banking ties, and facilitate faster remittances for overseas Filipino workers. Recent measures, including the Anti-Financial Account Scamming Act, aim to strengthen financial security and regulatory compliance.