Manila — Philippine President Ferdinand Marcos Jr. has instructed all relevant government agencies to support the drafting of the country’s updated National Anti-Money Laundering and Counter-Terrorism/Proliferation Financing Strategy (NACS) for 2026–2030, according to a statement released by the Philippine Information Agency.
The updated strategy is considered a key component of the country’s preparations for its fourth mutual evaluation in 2027 under the Asia/Pacific Group on Money Laundering (APG). The upcoming assessment will evaluate the Philippines’ technical compliance with 40 recommendations set by the Financial Action Task Force (FATF), the global standard-setting body for anti-money laundering and counter-terrorism financing measures.
Officials said the revision of the national framework is critical to ensuring continued progress in strengthening regulatory systems, improving oversight mechanisms, and maintaining alignment with international compliance standards. The strategy is expected to guide policy implementation, coordination efforts, and institutional responsibilities through 2030.
Inter-Agency Coordination
Under the directive, the Anti-Money Laundering Council (AMLC) has been tasked with providing technical and administrative support for the strategy’s development. The AMLC will also establish timelines, coordinate inter-agency cooperation, and monitor compliance as the framework is finalized and implemented.
Government departments, government-owned or controlled corporations, and local government units (LGUs) have been encouraged to actively participate in drafting the updated strategy. The administration emphasized the importance of broad institutional engagement to ensure that policies are effectively implemented across sectors.
Previous Compliance Developments
The Philippines previously strengthened its regulatory framework following its inclusion on the FATF “grey list” in June 2021. After implementing reforms aimed at enhancing financial transparency and oversight, the country exited the grey list in February of the following year.
Authorities have described ongoing improvements as part of a sustained effort to reinforce anti-money laundering systems and ensure readiness for future international evaluations.
Looking Ahead
With the 2027 review approaching, policymakers are prioritizing updates to the national strategy to support continued compliance with global standards. The 2026–2030 framework is expected to outline targeted measures, monitoring procedures, and cooperation mechanisms among government institutions.
Officials said continued coordination between regulatory bodies and other agencies will be essential in preparing for the evaluation process and maintaining progress in financial governance reforms.
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