Casino-controlled Cambodia has been removed from the so-called "gray list" of the Financial Action Task Force (FATF), an anti-money laundering watchdog, according to Friday's announcement.

Cambodia is "no longer under surveillance" regarding its approach to countering money laundering and financing terrorism, the group said.

However, another regional casino jurisdiction, the Philippines, remains on the FATF gray list. While the Philippines has made "continuous progress across its action plans," all ongoing deadlines "are now expired and work remains," the group said.

Such essential work included "demonstrating that supervisors are responding to anti-money laundering and terrorism control financing to mitigate risks associated with casino junk."

In January, the governor of the Philippines' central bank was quoted as saying his country had received a one-year extension through January 2024 to meet the financial criteria needed to get off the FATF risk list.

A May 2021 research paper from the International Monetary Fund said jurisdiction over the FATF gray list "may be disrupted by capital flows."

In an update on Friday after a full three-day meeting, the FATF said Cambodia had "addressed technical deficiencies to meet the commitments of the action plan to strategic deficiencies identified by the FATF in February 2019 and 2021, respectively."

Cambodia will "continue to work" with the "FATF-style regional body," which was a member state, to "further strengthen" anti-money laundering and financing of the terrorist regime, the announcement added. 릴게임

A senior Cambodian government official was quoted as saying in November that the watchdog was fully hopeful that the country would be able to move away from its "grey" designation once it completes a scheduled visit to the site earlier this year.