AS the Philippines was once again placed in the gray list by the Financial Action Task Force (FATF), the House Committee on Ways and Means on Monday created a technical working group (TWG) to further study the proposal penalizing the smuggling of foreign currency and other monetary instruments in bulk into or out of the Philippines.
Source: https://businessmirror.com.ph/2023/03/07/solon-pitches-drive-vs-bulk-cash-smuggling/