Almost half of POGOs listed the same addresses as those of their service providers despite being required to hire Philippine sevices.<\/p>\n\n\n\n\n\n\n\n
Philippines.- The Philippines’ Anti-Money Laundering Council (AMLC) has told a senate hearing it found evidence of violations being committed by almost half of registered Philippine online gaming operators (POGOs). <\/p>\n\n\n\n
AMLC executive director Mel George Racela said 26 out of the 62 POGOs registered with the\u00a0Philippine Amusement and Gaming Corporation (PAGCOR<\/em><\/strong>) were found in breach.\u00a0\u00a0<\/p>\n\n\n\n In their registrations, they listed the same addresses as their service providers, when the government requires that they hire local service providers in order contribute to the Philippine economy. <\/p>\n\n\n\n Racela said the authorities are now gathering information on the owners of these POGOs, the People’s Television Network (PTNI) reported. <\/p>\n\n\n\n Only about half of registered POGOs<\/em><\/strong> have resumed operations after the lockdown implemented to fight the Covid-19 pandemic.\u00a0\u00a0<\/p>\n\n\n\n Meanwhile, the AMLC has announced that due a lack of funds, it will discontinue a programme through which it used artificial intelligence to accelerate the evaluation of suspected illegal transactions. <\/p>\n","protected":false},"excerpt":{"rendered":" Almost half of POGOs listed the same addresses as those of their service providers despite being required to hire Philippine sevices.<\/p>\n","protected":false},"author":2,"featured_media":10140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Anti-Money Laundering Council (AMLC) has identified significant regulatory non-compliance among 26 of 62 registered Philippine Online Gaming Operators (POGOs), citing violations of local service provider mandates through address discrepancies. This comes as only half of POGOs have resumed operations post-lockdown, and the AMLC faces funding constraints, discontinuing its AI-driven transaction monitoring program.","focusai_entities":"Anti-Money Laundering Council (AMLC), Philippine Amusement and Gaming Corporation (PAGCOR), Mel George Racela, People\u2019s Television Network (PTNI)","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO Compliance Impact","query":"What are the specific enforcement actions or penalties PAGCOR and AMLC intend to levy against the 26 POGOs found in violation of local service provider mandates, and what is the projected timeline for these actions?"},{"label":"AMLC Funding Implications","query":"How will the discontinuation of the AMLC's AI-driven transaction monitoring program impact the efficacy and scalability of anti-money laundering efforts within the Philippine iGaming sector, particularly given the identified compliance breaches?"}],"footnotes":""},"categories":[156,16333],"tags":[405,128,15789],"class_list":["post-10138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-south-east-asia-news","tag-pagcor","tag-philippines","tag-pogos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10138"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10138\/revisions"}],"predecessor-version":[{"id":777010489,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10138\/revisions\/777010489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10140"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}