Published February 12, 2021, 6:00 AM The Bangko Sentral ng Pilipinas (BSP) will fuse its Money Laundering Terrorist/Financing Risk Assessment System (MRAS) to its recently adopted Supervisory Assessment Framework (SAFr) to have more teeth in fighting against illegal or dirty money and fortify financial system stability. BSP Governor Benjamin E. Diokno said the MRAS as their primary tool for anti-money laundering/countering the financing of terrorism (AML/CFT) supervision, can contribute to the “overall stability of the domestic financial system.” BSP Governor Benjamin E. Diokno (Bloomberg file) “The BSP introduced MRAS following the recent adoption of SAFr for BSP- supervised financial institution or BSFIs. MRAS can be integrated into the SAFR as it allows seamless evaluation of other risk areas vis-a-vis anti-money laundering, terrorist financing and proliferation financing risks,” said Diokno during his regular “GBED Talks” online. MRAS applies the principle of proportionality as well, he added.