Philippines faces money laundering law deadline

PHILIPPINES - The Philippines will ask an international agency fighting money laundering to delay its sanctions if Manila fails to pass a law against laundering by a September 30 deadline.

The Philippines, Russia and the tiny Pacific island nation of Nauru, are on a list of nations deemed "non-cooperative" over money laundering by the Paris-based Financial Action Task Force (FATF), a body backed by most industrial countries.

The three countries have been told to enact legislation and have been

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