{"id":15042,"date":"2021-02-22T15:30:29","date_gmt":"2021-02-22T15:30:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15042"},"modified":"2026-04-23T21:37:31","modified_gmt":"2026-04-24T00:37:31","slug":"pogos-must-register-for-anti-money-laundering-reporting","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pogos-must-register-for-anti-money-laundering-reporting","title":{"rendered":"POGOs must register for Anti-Money Laundering reporting"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Philippines&#8217; deadline for POGOs to register for electronic anti-money laundering reporting is March 16.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">The Philippines.- Philippine Offshore Gaming Operators (POGOs) have been given until March 16 to register for the electronic reporting system <strong>managed by the Anti-Money Laundering Council (AMLC)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The decision <strong>follows an amendment to the Philippines&#8217; Anti-Money Laundering Act of 2001<\/strong> that includes real estate developers and brokers, and offshore gaming operators under the Act.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new regulation reads: &#8220;<strong>These persons and entities are required to report covered and suspicious transactions<\/strong> to the AMLC within the period prescribed and for the threshold amount fixed by the law.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Failure to register would mean &#8220;a failure to electronically file covered and suspicious transaction reports with the AMLC, which is a <strong>money laundering offence<\/strong>.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Those who violate the new rule could face <strong>a maximum penalty of PHP5m (US$102,659)<\/strong> if they have assets worth PHP50bn (US$1bn) or more.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last week, The Philippines\u2019 lower chamber passed <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-philippines-online-gaming-tax-bill-advances\" target=\"_blank\"><strong>a bill imposing taxes on online gambling<\/strong><\/a><\/em> which could bring in up to <strong>144bn pesos (US$3bn) for the country<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Philippines&#8217; deadline for POGOs to register for electronic anti-money laundering reporting is March 16.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Philippine Offshore Gaming Operators (POGOs) are mandated to register for the Anti-Money Laundering Council's (AMLC) electronic reporting system by March 16, following an amendment to the Anti-Money Laundering Act of 2001. Non-compliance constitutes a money laundering offense, carrying significant penalties up to PHP5m. Concurrently, the Philippine lower chamber has passed a bill to impose taxes on online gambling, projected to generate up to US$3bn in revenue.","focusai_entities":"Anti-Money Laundering Council (AMLC), Philippine Offshore Gaming Operators (POGOs)","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), tech_data (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"AMLC Reporting Requirements?","query":"What are the specific technical and procedural requirements for POGOs to integrate with the AMLC's electronic reporting system by the March 16 deadline?"},{"label":"POGO Operational Impact?","query":"How will the combined effect of enhanced AML compliance and the proposed online gambling tax bill impact the operational viability and competitive landscape for POGOs in the Philippines?"}],"footnotes":""},"categories":[156,158,16333],"tags":[23911,15789],"class_list":["post-15042","post","type-post","status-publish","format-standard","hentry","category-regulation-news","category-slider-home","category-south-east-asia-news","tag-gambling-regulation","tag-pogos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15042","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15042"}],"version-history":[{"count":9,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15042\/revisions"}],"predecessor-version":[{"id":15085,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15042\/revisions\/15085"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}