The Philippine Amusement and Gaming Corp (PAGCOR) has directed all licensed casino operators and gaming support service providers to immediately review and strengthen their anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks after a sector-wide assessment found the industry remains at high risk for money laundering.
The Philippine Amusement and Gaming Corp (PAGCOR) has instructed all licensed casino operators and gaming support service providers to enhance their anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks following a comprehensive evaluation that highlighted the industry's continued vulnerability to money laundering.
This directive from PAGCOR comes in response to a sector-wide assessment that identified ongoing high risks of money laundering within the industry, prompting the need for immediate action to bolster AML controls and CTF measures across all licensed operators and service providers.
