Is Philippines on the FATF grey list or black list?

Philippines is on the FATF Grey List (Increased Monitoring) as of 2026-02. Enhanced Due Diligence (EDD) is generally required for transactions with Philippines-based entities. Listed since 2021-06.

What are the main AML/CFT issues in Philippines?

Casino-crypto cross-transaction supervision gaps AML gaps in BSP-supervised EMI and VASP sector High-volume remittance corridor risk

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Philippines

ISO PH · asia

Increased Monitoring (Grey List)

Listed since 2021-06

The Philippines has been under FATF grey list monitoring since June 2021. The country has one of Asia's most active crypto and remittance markets, but casino-linked ML and VASP supervision gaps remain key concerns.

Key AML/CFT Issues

·Casino-crypto cross-transaction supervision gaps
·AML gaps in BSP-supervised EMI and VASP sector
·High-volume remittance corridor risk

Crypto / VASP Impact

medium risk

Transact only with BSP-licensed VASPs (Virtual Asset Service Providers). Apply EDD for casino or high-value remittance transactions.

Official Source

https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/Increased-monitoring-february-2026.html

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Data as of FATF plenary 2026-02. For enforcement decisions, always verify against the latest official FATF publication. This page is for informational purposes only and does not constitute legal advice.