The Philippines has issued Circular No. 37, urging agencies to support efforts in combating money laundering and terrorism financing. The strategy aims to address deficiencies identified by the Financial Action Task Force (FATF) International Co-operation Review Group and ensure the country exits the FATF Grey List. The strategy includes a risk-based approach and requires a Money Laundering/Terrorism Financing National Risk Assessment (NRA) to determine risks and vulnerabilities. The Anti-Money Laundering Council (AMLC) Secretariat will serve as the Secretariat of the National Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation Financing Coordinating Committee (NACC), providing technical and administrative support. The circular emphasizes inter-agency coordination and active participation from all agencies.