• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 11 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

PAGCOR calls on central bank, AML Council to investigate financial institutions over illegal online gambling concerns

Newsdesk by Newsdesk
Sat 26 Sep 2020 at 18:51
China gives Philippines iGaming reprieve but POGOs not safe yet
42
SHARES
1k
VIEWS
Print Friendly, PDF & Email

Philippines gaming regulator PAGCOR says it will ask the central bank of the Philippines and the Anti-Money Laundering Council (AMLC) to launch investigations into banks, money transfer businesses and payment solutions providers in an effort to combat a recent increase in illegal online gaming operations.

According to a statement published on PAGCOR’s website on Friday, several illegal gambling operations have been under surveillance by the Philippine National Police Anti-Cybercrime Group (PNP-ACG) in recent months, including an illegal online bingo operator that has already been shut down.

The regulator has subsequently issued a public warning advising the Philippine public “not to engage in any unauthorized gambling activities offered by unscrupulous individuals and groups,” pointing to increased reports on illegal online gambling being promoted through social media platforms like Facebook.

These activities are not related to the nation’s regulated Philippine Offshore Gaming Operators (POGO) industry.

“To further strengthen the fight against unauthorized gambling activities, the state run -gaming regulator will ask for the assistance of the Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council (AMLC) to conduct investigation on banks, remittance services, and payment solutions used fund conduits for these illegal operations,” PAGCOR said.

“While illegal gambling per se is not among the predicate crimes of money laundering, fraud and swindling are. These are based on the act of taking bets from the public by falsely representing that they have a legitimate business, when in fact, they have no such authority.”

PAGCOR revealed in January that it had signed a Memorandum of Understanding with the AMLC aimed at improving cooperation around money laundering and terrorism financing risks.

RelatedPosts

Improved Okada Manila performance not enough to push Japan’s Universal Entertainment Corp back to profit in 2021

Japan’s Universal falls to US$69 million loss in 1H25 on Okada Manila underperformance

Sun 10 Aug 2025 at 12:56
Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Sat 9 Aug 2025 at 10:01
Rising tide

Byron Yip to depart as Okada Manila President and COO, replaced by Universal’s Nobuki Sato

Thu 7 Aug 2025 at 13:25
Bloomberry boss Razon reveals major concerns over Japan’s lack of IR clarity

Enrique Razon Jr named second richest person in Philippines as gaming names dominate Forbes 2025 list

Thu 7 Aug 2025 at 12:25
Load More
Tags: Manilaonline gamblingPAGCORPhilippines
Share17Share3
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Sands China announces appointment of Patrick Dumont as new non-executive director

Sands China announces appointment of Patrick Dumont as new non-executive director

by Ben Blaschke
Sun 10 Aug 2025 at 16:25

Macau concessionaire Sands China Ltd has announced the appointment of Patrick Dumont – the President and COO of parent company Las Vegas Sands Corp (LVS) – as a non-executive director of the company, effective 8 August 2025. The appointment, which...

Responsible Gambling Council joins Judging Panel for inaugural RTG Global Awards in Sydney

Responsible Gambling Council joins Judging Panel for inaugural RTG Global Awards in Sydney

by Newsdesk
Sun 10 Aug 2025 at 13:01

Leading gaming law and regulation conference Regulating the Game has announced the appointment of Tracy Parker, Senior Vice-President, Accreditation, Advisory and Insights at the Responsible Gambling Council (RGC), to the judging panel for the inaugural RTG Global Awards. Parker will...

Improved Okada Manila performance not enough to push Japan’s Universal Entertainment Corp back to profit in 2021

Japan’s Universal falls to US$69 million loss in 1H25 on Okada Manila underperformance

by Ben Blaschke
Sun 10 Aug 2025 at 12:56

Japan’s Universal Entertainment Corp cited the underperformance of both gaming and non-gaming segments at its Philippine integrated resort Okada Manila after seeing 1.2% decline in net sales in 1H25 to JPY62.2 billion (US$421 million) and suffering a net loss for...

Ministry says foreign workers comprised majority of 2,000 laid-off RWS workers

JP Morgan highlights “strikingly large” gap between Singapore’s two IRs as Resorts World Sentosa falls to all-time low market share

by Ben Blaschke
Sat 9 Aug 2025 at 10:04

Investment bank JP Morgan on Friday whacked Singapore’s Resorts World Sentosa (RWS) for what it described as a “strikingly large” gap in market share and profit share in the three months to 30 June 2025. It also noted that the...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語