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Philippines moving forward with AML/CFT legislation
The Philippines is moving forward with Anti-Money Laundering and Counter-Terrorism Financing legislation, as it furthers its bid to get off the FATF gray list.
SkyCity faces further mandates in Adelaide over AML/CFT
SkyCity’s travails continue as authorities in Adelaide have mandated that the group’s local subsidiary must appoint a ‘suitably qualified independent expert’ approved by the state’s gambling commissioner to overview its AML/CTF compliance.
PAGCOR gets commendation for AML/CFT efforts
The Philippine Amusement and Gaming Corporation (PAGCOR) said it received commendation from the Anti-Money Laundering Council (AMLC) for its contribution to the Anti-Money Laundering/Combating the Financing Terrorism (AML/CFT) efforts.
Philippines improves AML/CFT but remains on grey list
The Philippines has taken steps to improve its AML/CFT procedures, but more needs to be done and the country remains on the Financial Action Task Force (FATF) grey list.
More details emerge in King Gaming Isle of Man investigation
Additional information has emerged in light of the recent suspension of King Gaming’s Isle of Man online gambling license.
Burden of AML compliance rests on Philippine casino operators: Lawyer
The Philippines found itself on the global money laundering and terrorist financing watchdog Financial Action Task Force's (FATF) gray list in June 2021 due to junket issues.
The Star confirms sale of Sheraton Grand Mirage for $125 million
Australian gaming operator The Star indicated on Monday that it had reached an agreement for the sale of its Sheraton Grand Mirage Resort Gold Coast for AU$192 million ($125.03 million).
FATF pushing Philippines to ‘address deficiencies’, highlight junkets risk
The Philippines is being urged by the Financial Action Task Force (FATF) to continue to up its game in regards to money laundering, terrorist financing and proliferation financing’.
Daily Asia Gaming eBrief: Philippines takes further steps to get off the gray list
Authorities in the Philippines up their game as they try and get off the AML/CFT gray list. The Financial Action Task Force has been reluctant to remove them over failure to mitigate certain primary issues linked to junkets and information sharing. Despite having passed its deadlines for remediation, the nation is now urging its institutions to up the ante as it aims to achieve international recognition.
Philippines acts on President’s Directive to exit global AML/CTF gray list
The Philippines' Presidential Office has issued a Memorandum Circular instructing key government agencies, including the gaming regulator PAGCOR, to conduct a comprehensive review and evaluation of their regulatory requirements.