If the Americans do not implement the Basel III framework, we Europeans will certainly not introduce the new rules unilaterally – and the whole world will suffer the consequences. We learned this lesson from Basel II.
As required by the action plan, the Philippines has significantly increased its counter-terrorism financing (CTF) resources and has boosted TF investigation and prosecution capacities of LEAs, national security agencies (NSAs), and relevant government agencies, particularly in comparison to the resources and capacity during the period covered by the Mutual Evaluation.