Philippine govt says anti-money laundering ranking outdated

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The Philippine government brushed off as outdated a Global Financial Integrity study that placed the Philippines as the 15th largest exporter of illegal capital in the developing world, saying the country has improved in its efforts to curb money laundering. "There has been a number of positive movements and I am certain that ranking is dated already since it covered only the periods of 2003 to 2012," said a spokesperson for President Benigno Aquino.

Read the story by Buena Bernal in Rappler. http://www.rappler.com/nation/78337-convictions-expanded-anti-money-laundering-law

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