The Philippines' Anti-Money Laundering Council (AMLC) has reported a decline in money laundering activities following the announcement of a ban on Philippine offshore gaming operators (POGOs).

The Philippines Anti-Money Laundering Council (AMLC) as of Tuesday has added Smarc Group International, a POGO operator, to its list of uncooperative covered persons.

Philippine Senator Sherwin Gatchalian has promised to further investigations into banks and financial institutions’ involvement in the movement of illegal activities by Philippine Offshore Gaming Operators (POGOs).

The International Monetary Fund (IMF) has praised the Philippines for its ‘significant progress’ regarding its AML/CFT issues, hopefully paving the way for it to be removed from the Financial Action Task Force’s ‘grey list’.

The Philippine Drug Enforcement Agency (PDEA) has revealed an intricate network of criminal activities allegedly connecting Philippine Offshore Gaming Operators (POGOs) to drug syndicates, money laundering schemes, and fraudulent corporate activities.

The Philippines' efforts to exit the Financial Action Task Force (FATF) grey list have not yet been successful but a new evaluation is expected by early next year.

The Philippines’ House Quad Committee (Quadcom) plans to summon several banks, the Anti-Money Laundering Council (AMLC), and the Philippine Anti-Organized Crime Commission (PAOCC) to its upcoming hearing.

The Presidential Anti-Organized Crime Commission (PAOCC) in the Philippines has raised alarms about potential political influence from Philippine Offshore Gaming Operators (POGOs) in the 2025 midterm elections.

The Philippines is on track to exit the Financial Action Task Force (FATF) grey list, which monitors jurisdictions under increased scrutiny, a Department of Justice (DOJ) official announced.

Customer due diligence and virtual assets are in focus in Australia's new proposed AML/CTF amendment bill, under evaluation by Parliament.