Archive

_2021-02-22
Philippine Offshore Gaming Operators (POGOs) have been given one month to register for the electronic reporting system of the Anti Money Laundering Council (AMLC). 

_2020-12-16
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_2019-06-28
Douglas Wolfson, Director, Financial Crime Compliance, LexisNexis Risk Solutions. Casino managers have a growing array of technology tools at their

_2017-09-26
The Anti Money Laundering Council (AMLC) is set to release a new regulatory framework which covers casinos by the third week of October, Manila Bullet

_2017-08-09
The Philippines has avoided further scorn from the Asia-Pacific Group on Money-Laundering following "significant compliance" in tightening their AML r

_2017-07-23
Secretary for Economy and Finance Lionel Leong Vai Tac has vowed not to become complacent after being given a positive rating by the Asia Pacific Grou

_2017-07-19
Macau has been given a positive rating by the Asia Pacific Group on Money Laundering (APG) for its efforts in anti-money laundering, according to a st

_2017-07-18
Philippines’ casinos will now be required to report cash transactions exceeding P5 million (US$98,300), after President Rodrigo Duterte signed the a

_2017-06-18
Securities and Exchange Commission chairperson Teresita Herbosa says the current P5 million (US$100,000) threshold for casinos should be lowered to co

_2017-05-29
The Senate has officially approved the bill that includes casinos in the Anti-Money Laundering Act (AMLA), local media reports. A total of 219 lawmake

_2017-05-28
The monetary authorities of Macau, Hong Kong and Mainland China stepped up efforts to battle money laundering after a trilateral meeting on Friday. Th

_2017-05-07
The Macau government is planning to implement new security features at ATMs near casinos in the latest measure to clamp down on illegal cash flows out

_2017-02-15
Australian wagering giant Tabcorp has agreed to pay a A$45 million penalty to settle a case brought on by Australia’s financial intelligence agency,

_2017-02-07
The Philippines House of Representatives has moved closer to including casinos as part of its Anti-Money Laundering Act (AMLA), Philstar reports. On M

_2016-12-01
The Macau government is planning to introduce a bill that would require visitors to disclose cash holdings of more than MOP 120,000 (US$15,000) at ent

_2016-11-01
A bill that mandates casinos to report all suspicious transactions to the Anti-Money Laundering Council (AMLC), regardless of the amount, has been pro

_2016-07-12
The Directorate of Enforcement has initiated steps to attach the property of lottery king Santiago Martin, alleging that his involvement in the illega

_2016-07-06
A Philippines lawmaker is proposing a bill that will require casinos to report covered and suspicious transactions to the Anti-Money Laundering Counci

_2016-07-04
Lottery kingpin Santiago Martin has petitioned the Kerala high court, seeking to refute the attachment notice issued by the Directorate of Enforcement