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Philippines

Philippines’ money laundering watchdog to investigate junkets over ransom paid for kidnapping of slain businessman

Kelsey Wilhelm - May 13, 2025

The Philippines Anti-Money Laundering Council (ALMC) has announced that it is investigating alleged money laundering linked to the ransom paid for the kidnapping of slain businessman Anson Que.

Philippines

Philippines finally exits FATF ‘grey list’ after more than 3 years

Kelsey Wilhelm - February 22, 2025

The Philippines is no longer on the Financial Action Task Force (FATF) ‘grey list’.

Philippines

IMF praises Philippines’ efforts on resolving AML/CFT issues

Kelsey Wilhelm - December 26, 2024

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’.

Philippines

PAOCC warns of POGO relocation to islands amid nationwide ban

Viviana Chan - November 26, 2024

Philippine offshore gaming operators (POGOs) are relocating their operations to islands such as Visayas and Mindanao in an effort to circumvent the nationwide ban, says the PAOCC.

Philippines

Philippines’ SEC prioritizes reforms to secure exit from FATF grey list

Viviana Chan - October 28, 2024

The Securities and Exchange Commission (SEC) says it is dedicated to sustaining its reforms to get the Philippines off the Financial Action Task Force (FATF) 'grey list'.

Philippines

Suspects in alleged $301 million casino junket financing scam indicted in the Philippines

AGBrief Editorial - March 25, 2024

A group of suspects accused of being involved in an elaborate scam have been charged with syndicated estafa by the Baguio City Prosecutor’s Office in the Philippines.

Pacific Islands

Imperial Pacific International manager and director resigns

AGBrief Editorial - October 23, 2023

The manager and director of Imperial Pacific International (IPI), Dongting Zheng, has resigned from the Saipan gaming license holding company.

Philippines

The US and the Philippines join forces against cryptocurrency fraud

AGBrief Editorial - September 22, 2023

The Philippines’ Securities and Exchange Commission (SEC) has joined forces with the US SEC and the Asian Development Bank in order to combat crypto fraud.

Philippines

Philippines is on track to be the Asia market leader in 2022

AGBrief Editorial - June 30, 2022

Gross gambling revenue from licensed casinos in the Philippines jumped more than 29 percent in 1Q22, confirming predictions that the country will be one of the best-performing markets in Asia going forward.

Philippines

Suncity hotel unit granted incorporation in the Philippines

Felix Ng - January 21, 2021

SunTrust Home Developers announced that Suncity WC Hotel was granted incorporation by the Philippines’ Securities and Exchange Commission (SEC) on January 19.