Thursday, July 07, 2022


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PAGCOR, AMLC sign agreement for cooperation


The Philippines gaming regulator has signed a deal with the country’s anti-money laundering watchdog to tighten their cooperation in the fight again

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New tech tools help reduce AML risk


Douglas Wolfson, Director, Financial Crime Compliance, LexisNexis Risk Solutions. Casino managers have a growing array of technology tools at their

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Five Philippine IRs register with AMLC


Five integrated resorts have registered with the Anti-Money Laundering Council (AMLC), following policy guidelines from the Financial Action Task Forc

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AMLC to issue new regulatory framework in Oct


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

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Philippines gets taken off APG radar


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

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Macau vows to stay vigilant on AML


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

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Macau receives positive rating from AML group


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

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Duterte signs amended anti-money laundering law


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

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SEC exec pushes to lower AML threshold


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

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Senate approves bill to include casinos in AMLA


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

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Monetary authorities step up AML efforts


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

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New ATM measures will take time: Bernstein


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

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Tabcorp to pay A$45 million over Austrac case


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,

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AMLA moves closer casino inclusion


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

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Cash declaration measures on the horizon


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

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All casinos to be covered by AML bill


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

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ED moves to attach property of Santiago Martin


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

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Bill proposed to include casinos in AML law


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

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Santiago Martin refutes attachment notice


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

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