The Philippines' gross gaming revenue (GGR) growth is "still filled by the regulatory framework," Daniel Cheng told AGB on the sidelines of the ASEAN Gaming Summit.

DFNN’s Executive Chairman and Founder, Ramon Garcia Jr., says that the Philippines is "doing the best it can" to be removed from FATF's gray list.

Nobody likes to be labeled, with the Philippines and Vietnam being no exception regarding their grey listing by the Financial Action Task Force. In this week's Under the Scope, expert Ben Lee takes a hard look at junkets' contribution to such a label, as well as the politics and business interests that affect the compliance necessary to be removed from the list.

The Philippines and Vietnam remain on the Financial Action Task Force’s grey list, the only two Asian gaming jurisdictions so defined. In this week’s Under the Scope, gaming expert Ben Lee looks at the differences between each country’s strategy, the impositions they’re facing, and business and political sentiment towards their continued oversight by the financial watchdog.

At the recent plenary sessions in Paris on February 23, the Philippines' appeal to be removed from the Financial Action Task Force (FATF) grey list was unsuccessful.

The Philippine president, Ferdinand R. Marcos Jr. has ordered government agencies in the country to immediately move to remedy its deficiencies in regards to anti-money laundering and terrorist financing, in order to remove the Philippines from the Financial Action Task Force (FAT) ‘grey list’ within this year.

In response to a statement from the Financial Action Task Force (FATF), the Philippines Anti-Money Laundering Council (AMLC) says that key government agencies have ‘rallied behind’ new directives, including implementing AML/CTF (anti money laundering, counter terrorism financing) controls ‘to manage risks linked with casino junkets’.

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’.

Cambodia has been removed from the Financial Action Task Force’s ‘grey list’, after seeing ‘significant progress in improving its AML/CT (anti-money laundering/ counter-financing of terrorism) regime’.

Cambodia’s Minister of Interior, Sar Kheng, says that he hopes to get the country removed from the grey list of nations at high risk for money laundering.