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Registrations revoked for two POGOs after failing to comply in AML check


Two POGO operators have been named by the Anti-Money Laundering Council as having failed or refused to cooperate with the AMLC in the conduct of its compliance checking. 

In a statement from the AMLC website, the regulator notes that under Section 54.A.1 of the 2021 AML/CTF Guidelines, the AMLC has the authority to conduct compliance-checking, with at least 24 hours prior notice, to validate the compliance of Designated Non-Financial Businesses and Professions (DNFBPs) with the requirements of the AMLA.

“Failure or refusal to cooperate would mean non-compliance and will be subject to penalties and sanctions (…) under the AMLA,” it said. 

As a result, the AMLC has resolved to revoke the registration of the two operators, which include MG Universal Link Limited (MG Universal) and Inner Strong Limited (Inner Strong). 

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.