Philippines to Plug Money Laundering Holes in Casino Sector
Philippines to Plug Money Laundering Holes in Casino Sector The Philippines is pushing forward with plans to tighten anti-money laundering (AML) controls in its casino sector. The country’s casinos, which are lightly managed by state-run operator-regulator PAGCOR, are exempt from the guidelines of its Anti-Money Laundering Act of 2001. Representative Ben Evardone has endorsed legislation