Asia-Pacific

Àwọn àyọkà ìpamọ́

The Philippines is a large remittance-receiving economy with a rapidly growing digital payments and e-money market led by mobile wallets. Banks, e-money issuers, payment system operators and virtual asset service providers are supervised by the Bangko Sentral ng Pilipinas (BSP), securities companies by the Securities and Exchange Commission (SEC), and gaming by the Philippine Amusement and Gaming Corporation (PAGCOR).

Fẹ́là RísikoÀkànṣe

FATFKò wa ní àtòjọ

EU AML àtòjọ àìdájú gigaKò wa ní àtòjọ

Awọn akojọ owo-ori EUKò wa ní àtòjọ

License regimes7

Awọn owo-ìwọ̀nPHP

Àwọn ìṣàmúlò-ètòBBB+

Awọn idibo to n bọOṣù Kejí ọjọ́ 8, ọdun 2028

Àtòjọ-Grey láti FATF nínú Oṣù 2021 àti ìjáde lóri 21 Kọ̀ǹpútà 2025; kò wa nínú àtòjọ June 2026 FATF; ti a yọ kuro ninu atokọ orilẹ-ede kẹta ti o ni ibajẹ giga ti EU nipasẹ Iṣẹ-aṣẹ Delegated (EU) 2025/1184 ti 10 Oṣu kọkanla 2025 (ni ipa 5 Oṣù Kẹrin 2025); kò ní pánẹ́ẹ̀lì Ì tí a fi pamọ́ lọ́wọ́lọ́wọ́ 17 February 2026. O ti ṣayẹwo 7 Oṣu Kẹsan 2026.

Ìjọba àti ìṣàlàyé

Gomina: Repúbliki Aare
Prezidanti: Ferdinand Marcos Jr. · lati Oṣu kọkanla ọdun 2022
Prezidanti: Ferdinand Marcos Jr. (Partido Federal ng Pilipinas)
Àwọn ààyè-iṣẹ́: Partido Federal ng Pilipinas ati awọn ẹgbẹ ajọṣepọ ni Congress
Awọn idibo to kẹhin: Igbakeji Aare (aarin Sena ati Ile-igbimọ aṣofin), 12 Oṣù Kejìlá 2025
Awọn idibo to n bọ: Igbakeji gomina ati idibo gbogbogbo, 8 May 2028
Àwọn Ìṣàmúlò-ètò: Congress: Senate (24 seats) ati House of Representatives
Siséèsì Ìjọba: Ìṣàmúlò-ètò mimọ́ tí a lò nígbà ìjọba, ẹ̀kọ́, Islami (sharia) atí ẹ̀ṣẹ̀

Economics and finance

Awọn eniyan: 116.8m (2025)
Ìjánu-ìsún: USD 487.2bn (2025)
GDP fun ẹni kọọkan: USD 4,270 (2025)
Awọn owo-ìwọ̀n: Philippines peso (PHP), floating
Central Bank of Nigeria: Central Bank of Nigeria
Àwọn ìṣàmúlò-ètò: S&P BBB+ (iduroṣinṣin) · Moody's Baa2 (iduroṣinṣin) · Fitch BBB (awọn aṣiṣe) (bi ti August 2026)

Ipinle ti n dagbasoke ni iyara, eto-ifowopamọ ti a ṣe atilẹyin nipasẹ awọn ipadabọ lati awọn oṣiṣẹ okeere, ilana iṣowo ati gbigbe wọle awọn ohun elo itanna, pẹlu agbegbe banki Manila ti a ṣakoso nipasẹ Bangko Sentral ng Pilipinas.

Àwọn Irinṣẹ́

Àwọn ìṣẹ̀dá banki fún gbogbo eniyan tàbí fún iṣowo

Awọn ohun-ini ti o kere juA kò fi pamọ́

AgbègbèA kò fi pamọ́

Awọn Iṣẹ́Àwọn Ìṣàmúlò-ètò

Àwọn Ìṣẹ́: General Banking Law of 2000 (Republic Act No. 8791); BSP Manual of Regulations for Banks, Sec. 121 (minimum capitalization)
Ìfihàn: Ko si iwe irinna

Àwọn ìṣàmúlò-ètò Bọ́tìnì

Iṣẹ́dà Ajọ́ Igbàra-ẹ̀yàn atí iforukọsilẹ́ SEC tí a ṣe fun ile-ifowopamọ́
Awọn ohun-ini ti o kere ju ni ibamu si ẹka banki labẹ MORB Sek. 121 (awọn nọmba ko ni ayẹwo nibi)
Awọn oludari ati awọn oṣiṣẹ

Sources(1)

BSP: Circular No. 1105, Series of 2020 (references MORB Sec. 121 on minimum capitalization) · checked 2026-10-07

Àwọn Irinṣẹ́

Digital bank license

Awọn ohun-ini ti o kere juUSD 15.9m

AgbègbèA kò fi pamọ́

Awọn Iṣẹ́Àwọn Ìṣàmúlò-ètò

Aṣàfilọ́lẹ̀ àwọn ẹ̀yàn PHP 1.0 bilionu

Àwọn Ìṣẹ́: BSP Circular No. 1105, Series of 2020 (Guidelines on the Establishment of Digital Banks), approved by Monetary Board Resolution No. 1536 of 26 November 2020
Ìfihàn: Ko si iwe irinna

Àwọn ìṣàmúlò-ètò Bọ́tìnì

Awọn iru-ọmọ banki ti o yatọ ti nfun awọn ọja ati iṣẹ owo-owo ti a ṣe ilana lati ibẹrẹ si ipari nipasẹ oju opo wẹẹbu oni-nọmba
Ìfihàn náà pé àwọn owó-iṣẹ́ tí a pàyàdé kò ní ìṣàfarawé láti inú àwọn ẹ̀yàn
Àwọn ààyè-iṣẹ́, ìṣakosó-ìrójútó àti àgbèkalẹ̀ ìdàjọ́ ìròyìn
Ṣẹ̀dá iṣẹ́ gẹgẹbi banki dijital̀ lẹsẹ̀kẹsẹ́ lẹhin ti SEC fi fọwọ́sí awọn àkọlé rẹ̀, ninú akokó ti BSP fi kọ́

Sources(1)

BSP: Circular No. 1105, Series of 2020 · checked 2026-10-07

E-owo ile-iṣẹ

Àwọn ààyè-iṣẹ́ ẹ̀yàn-ẹ̀yàn (EMI)

Awọn ohun-ini ti o kere juA kò fi pamọ́

AgbègbèA kò fi pamọ́

Awọn Iṣẹ́BSP

Àwọn Ìṣẹ́: BSP Circular No. 649, Series of 2009 (Guidelines Governing the Issuance of Electronic Money), as amended; Manual of Regulations for Non-Bank Financial Institutions
Ìfihàn: Ko si iwe irinna

Àwọn ìṣàmúlò-ètò Bọ́tìnì

Emis ti ko si ni banki nilo ofin BSP ṣaaju ati pe a ṣe iwadii wọn bi awọn ile-iṣẹ owo ti ko si ni banki
Àwọn ìṣàmúlò-ètò àpẹẹrẹ nínú Àkọsílẹ̀ 649 bí a tí ṣe àyipada; àkọsílẹ̀ tí a ṣàfihàn kò lè jẹ́ àkọsílẹ̀-ìwé-ẹ̀yàn

Sources(1)

BSP: Circular No. 649, Series of 2009 · checked 2026-10-07

Ààyè-iṣẹ́ iṣẹ́ ifowopamọ́ (PSP)

Ìṣàmúlò-ètò tí a lò fún ìṣàmúlò-ètò (OPS)

Awọn ohun-ini ti o kere juA kò fi pamọ́

AgbègbèA kò fi pamọ́

Awọn Iṣẹ́BSP

Àwọn Ìṣẹ́: National Payment Systems Act (Republic Act No. 11127); BSP Circular No. 1049, Series of 2019
Ìfihàn: Ko si iwe irinna

Àwọn ìṣàmúlò-ètò Bọ́tìnì

Awọn ẹtọ ti o n ṣiṣẹ́ etó ifowopamọ̀ kan gbọdọ̀ kọ̀ọ̀nù pẹlu BSP ṣaaju ki wọn to bẹrẹ iṣẹ́
Igbagbọ si awọn ofin BSP lori iṣakoso, iṣakoso ibajẹ ati aabo alabara

Sources(1)

BSP: Circular No. 1049, Series of 2019 · checked 2026-10-07

Àwọn ààyè-iṣẹ́ ìṣàmúlò-ètò aimọye (VASP)

Àwọn ààyè-iṣẹ́ ìṣẹ̀dá àwọn àyọkà ìṣàmúlò-ètò (VASP)

Awọn ohun-ini ti o kere juUSD 794k

AgbègbèA kò fi pamọ́

Awọn Iṣẹ́BSP

Igbà kejì tí a fi pamọ́ lọ́wọ́lọ́wọ́ nínú kapitalì PHP 50.0 milionù fun VASPs tí ó nfi ìdájọ́ tabi àjọṣepọ̀ àwọn ẹ̀yàn ṣíṣàlàye; PHP 10.0 milionù fun VASPs tí kò ní ìdájọ́lẹ̀

Àwọn Ìṣẹ́: BSP Circular No. 1108, Series of 2021 (Guidelines for Virtual Asset Service Providers)
Ìfihàn: Ko si iwe irinna

Àwọn ìṣàmúlò-ètò Bọ́tìnì

Ìwé-ẹ̀rí ìṣẹ̀dà láti BSP ṣaajú àwọn iṣẹ́ bí VASP
AML/CFT ìṣàmúlò-ètò àti àwọn ìròyìn tí a fẹ́ (àjọ́dúrò irin-ajo)
Àwọn ààyè-iṣẹ́ ìdáràn-ìjánu-ìròyìn àti àwọn ìdáràn fún àwọn pàtà ìmọ̀ràn-ìjánu-ìjánu

Sources(1)

BSP: Circular No. 1108, Series of 2021 · checked 2026-10-07

Firma idoko-owo

License Broker-dealer

Awọn ohun-ini ti o kere juA kò fi pamọ́

AgbègbèA kò fi pamọ́

Awọn Iṣẹ́SEC

Àwọn Ìṣẹ́: Securities Regulation Code (Republic Act No. 8799)
Ìfihàn: Ko si iwe irinna

Àwọn ìṣàmúlò-ètò Bọ́tìnì

License SEC ti o nilo lati ṣiṣẹ bi a broker tabi dealer ni securities
Awọn ofin ti SEC fi paṣẹ nipa owo-ori ati iṣe (a ko ṣayẹwo nibi)

Sources(1)

SEC Philippines · checked 2026-10-07

Olùgbéejáde ere-idaraya nípa intanẹẹti

PAGCOR electronic gaming licenti (eCasino, e-Bingo, ere idaraya bets, online poker ati awọn miiran)

Awọn ohun-ini ti o kere juA kò fi pamọ́

AgbègbèA kò fi pamọ́

Awọn Iṣẹ́Ìjọbá Àwọn Ìforúkọsílẹ̀ Ẹ̀yàn Ẹ̀rọ

Àwọn Ìṣẹ́: Presidential Decree No. 1869 (PAGCOR Charter), as amended by Republic Act No. 9487
Àwọn Irinṣẹ́: Àtòjọ-ẹ̀yàn àwọn ẹ̀yàn PAGCOR
Ìfihàn: Kò lè lo

Àwọn ìṣàmúlò-ètò Bọ́tìnì

Licenses cover traditional bingo, e-Bingo, eCasino games, sports betting, specialty games, online poker and numerical games
Ìjánu-ìróyèn àti ìṣàfihàn intanẹ́ẹ̀tì ní iṣẹ́ ayẹ̀wò tí a fi pamọ́ fún àwọn oṣere rẹ̀
Awọn aṣàwákiri eto ere idaraya ati awọn paṣipaarọ gbọdọ jẹ agbẹjọro nipasẹ PAGCOR

Sources(2)

PAGCOR: Electronic Gaming Licensing (CEGS) · checked 2026-10-07
PAGCOR: Remote Operations and Ancillary Services · checked 2026-10-07

Àwọn Aṣàfilọ́lẹ̀

Àwọn Ìṣàfilọ́lẹ̀

Bangko Sentral ng Pilipinas (BSP) · webuawọn banki, awọn ile-iṣẹ owo-ẹya, awọn olupese iṣẹ isanwo, awọn olupese iṣẹ ohun-ini kọnputa (VASPs)
Securities and Exchange Commission (SEC) · websiteInvestment firms, Virtual asset service providers (VASPs)
Philippine Amusement ati Gaming Corporation (PAGCOR) · webu-iweOnline gaming

FATF ipo ti yipada ni bayii: Philippines wa lori atokọ FATF ti awọn ẹjọ ti o wa labẹ iwadi ti o pọju lati Oṣu kọkanla ọdun 2021 titi di ọjọ 21, Oṣu kejila ọdun 2025, nigbati FATF fi yọ kuro lẹhin ti o ti pari iṣẹ-ṣiṣe rẹ; ko si tun ṣe atẹjade (ko si sọ ninu awọn ifiweranṣẹ Oṣu Kẹrin Ọjọ 2026 tabi Oṣu kọkanla Ọjọ 2026). Offshore gaming: PAGCOR ṣe atẹjade atokọ ti awọn olupese iṣẹ ati awọn olupese iṣẹ Philippine Offshore Gaming ti a yọkuro (awọn oju opo wẹẹbu ti o ni ọjọ 4, Oṣu Kẹsan Ọjọ 2026), eyiti o ṣalaye idiwọ ijọba lori awọn iṣẹ ere ita gbangba; ọrọ ilana iṣakoso ko le ṣii. Awọn aaye ayelujara diẹ sii (SEC, Official Gazette, awọn apakan ti BSP) ti ko gba laaye lati wọle ati pe ọpọlọpọ awọn BSP Circulars jẹ awọn aworan ti a ṣayẹwo, nitorinaa awọn nkan wọnyi jẹ null: banki capitalization to kere ju nipasẹ ẹka, EMI owo-ori, owo-ori OPS, owo-ori SEC broker-dealer, awọn ofin SEC fun awọn olupese iṣẹ crypto-asset, ati ipo lọwọlọwọ ti awọn opin BSP lori awọn iwe-aṣẹ banki oni-nọmba tuntun ati VASP. Awọn nọmba owo-ori VASP bẹrẹ lati ọdun 2021 ati pe o ṣee ṣe pe wọn ti yipada nipasẹ awọn atẹjade ti o kẹhin.

Àwọn Àtòjọ-ẹ̀yàn Gbogbogbo

Àkóónú Philippines

Ààyè-iṣẹ́ àwọn ìkúnrégé ilẹ̀. Pétì náà jẹ́ ìṣàfihàn.

Ìbàlẹ̀: Awọn orilẹ-ede ti o ni ijọba
Ọ̀kọ̀ọ̀kan: Manẹ̀lì
Ilu ti o tobi julọ: Quezon City (Metro Manila)
Agbègbè: 300,000 km²
Awọn ede Ofin: Filipino, English
Zone Time: UTC+08:00

Àwọn àgbéwọlé ìṣàfihàn

Integrated circuits and semiconductors
awọn àwọn ìrísí-lẹ́ta
golden
Ìjáde
IT atí iṣẹ́ ìfaramọ́ iṣẹ́ iṣowo

Àwọn ìṣàfihàn ààyè-iṣẹ́

China
United States
Hong Kong
Japan
Germany

Sources for the country information(8)

Àwọn ìròyìn ààyè-iṣẹ́ orilẹ-ede tí a ṣayẹwo ní ọjọ́ kọkanlá 9, ọdun 2026. Àtòjọ-ẹ̀yàn líǹkì tí a pàṣẹ́ ní ọjọ́ kọkanlá 7, ọdun 2026. Àwọn ìròyìn nikan, kò jẹ́ àgbekalẹ̀ ofin; àwọn ìṣàmúlò-ètò kùnà. Àkọ́lé àwọn ìṣàmúlò-ètò.

Sources for the licensing information(5)

Labuan FSA: FATF Publication on Global ML/TF Risk, February 2025 (Philippines removed) · checked 2026-10-07
Labuan FSA: FATF Publication on Global ML/TF/PF Risk, June 2026 · checked 2026-10-07
FATF: Jurisdictions under Increased Monitoring, 19 June 2026 · checked 2026-10-07
EUR-Lex: Commission Delegated Regulation (EU) 2025/1184 of 10 June 2025 · checked 2026-10-07
European Commission: EU list of non-cooperative jurisdictions, update 17 February 2026 · checked 2026-10-07