Philippines improves in the anti-money laundering index

The Philippines improved 25 places to 74^th out of 177 jurisdictions in the of the by nonprofit organization . This was its best performance since the index was first published in 2012. On a scale of 0-10, where 10 equals maximum risk, the country had an overall score of 5.48, worse than the regional average of 5.45 and global average of 5.28. The index ranks a jurisdiction based on its risks of money laundering and terrorist financing (ML/TF) and its capacity to counter them.