CBN Asia, the producer of The 700 Club Asia and Superbook, was honored as one of over 200 awardees at the national recognition ceremony for the Philippines' successful exit from the Financial Action Task Force (FATF) Grey List.
President Ferdinand “Bongbong” Marcos Jr. led the ceremony at Malacañang and personally handed out plaques of recognition to 29 heads of government agencies.
Meanwhile, Retired Chief Justice Lucas Bersamin, Executive Secretary; and Eli Remolona, Governor of the Bangko Sentral ng Pilipinas, handed out the rest of the plaques to the honorees. Representing the ministry, President and Chief Executive Officer Peter Kairuzaccepted the plaque of recognition. Vice President for Administration Malou Ibañez and Senior Director for Finance Danilo Camerino received certificates of recognition.
“As a non-profit organization, the award speaks about CBN Asia’s integrity, about our commitment to cooperate with our government in the best way we can. We are here to be good citizens, be good stewards of what the Lord has entrusted to us,” Kairuz said.
The FATF Grey List includes countries under heightened monitoring due to risks such as money laundering and terrorism financing. Being officially removed from the grey list reflects stronger global confidence in the Philippines’ financial systems and brings multiple benefits to the country: it strengthens greater trust from international investors, creates more opportunities for local businesses, and lowers remittance costs for our hardworking overseas Filipino workers sending money back home.
For CBN Asia, it brings greater transparency, credibility, and trust to the way resources are managed – a powerful testament that, by God’s grace, integrity and excellence remain at the heart of its mission. It remains faithful in stewarding resources, knowing that good governance is the foundation of true transformation.
"CBN Asia was honored, but we were there on behalf of our nation. By the grace of God, we were part of this achievement. It was truly a great honor," Ibañez said.
To know more about CBN Asia, its Family of Ministries, and the work they do, call 8737-0700 or visit cbnasia.org.