Palace: POGO Ban Major Factor in PH Exit from FATF Grey List
Manila: President Ferdinand R. Marcos Jr.’s decision to ban Philippine Offshore Gaming Operators (POGOs) played a crucial role in the country’s removal from the Financial Action Task Force (FATF) grey list, Malaca±ang said on Sunday. In a radio interview, Presidential Communications Office Undersecretary and Palace Press Officer Claire Castro emphasized that the POGO issue was a significant reason for the Philippines’ inclusion in the grey list. According to Philippines News Agency, this move was part of a broader strategy outlined in Executive Order 33, issued by President Marcos in 2023, which sets the country’s anti-money laundering, counter-terrorism financing, and counter-proliferation