Metrobank was recently awarded by the National Anti-Money Laundering and Counter-Terrorism Financing Coordinating Committee (NACC) for its support in the Philippines’ successful exit from the Financial Action Task Force (FATF) Grey List.
The recognition was conferred during a ceremony held on May 5 at Malacañang Palace, attended by key government officials, regulatory agencies, and industry representatives.
In photo: Philippine’s Executive Secretary Lucas P. Bersamin (6th from left) and Bangko Sentral ng Pilipinas Governor Eli M. Remolona Jr. (7th from left) post with Metrobank Compliance Division Head Joel Pascioles (3rd from left) and other representatives from recognized institutions during the awarding ceremony.
The FATF Grey List includes countries under increased monitoring for deficiencies in anti-money laundering and counter-terrorism financing efforts. The Philippines’ removal from the list reflects significant progress in strengthening its financial system, which will greatly benefit overseas Filipinos, strengthen businesses, and attract more foreign investments. Metrobank, along with other public and private institutions, was recognized for contributing to this national effort.
“This recognition is a testament of Metrobank’s commitment to compliance, integrity, and public trust. We are truly proud to have supported this milestone alongside our regulators and industry peers,” said Joel Pascioles, Metrobank Compliance Division Head.
Metrobank remains dedicated to upholding global standards to ensure a safe, secure, and resilient banking environment for all its stakeholders.