{"id":23456,"date":"2021-10-12T10:32:07","date_gmt":"2021-10-12T13:32:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=23456"},"modified":"2026-04-23T14:53:57","modified_gmt":"2026-04-23T17:53:57","slug":"philippines-amlc-revoked-two-pogos-registrations","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-amlc-revoked-two-pogos-registrations","title":{"rendered":"Philippines: AMLC revoked two POGOs registrations"},"content":{"rendered":"\n

Two POGOs failed to cooperate with the Anti-Money Laundering Council (AMLC) in the conduct of its compliance checking.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Two Philippine Offshore Gaming Operators (POGOs)<\/strong>, MG Universal Link Limited (MG Universal) and Inner Strong Limited (Inner Strong) have had their registrations revoked by the AMLC. According to the regulator, the two POGOs failed to cooperate with its compliance checking<\/strong>.\u00a0<\/p>\n\n\n\n

Through a statement, the AMLC said: “Failure or refusal to cooperate would mean non-compliance and will be subject to such penalties and sanctions<\/strong>.”<\/p>\n\n\n\n

The regulator said: “Supervising Authorities are further informed that\u00a0the AMLC resolved to revoke the registration of those covered persons\u00a0<\/strong>who failed or refused to cooperate with the AMLC.”<\/p>\n\n\n\n

In February,\u00a0POGOs<\/a>\u00a0were ordered to register for the electronic reporting system\u00a0managed by the AMLC.<\/strong> The decision\u00a0followed an amendment to the Philippines\u2019 Anti-Money Laundering Act of 2001<\/strong>\u00a0that includes real estate developers and brokers, and offshore gaming operators under the Act.<\/p>\n\n\n\n

The new regulation<\/a> reads: \u201cThese 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.\u201d<\/p>\n\n\n\n

Failure to register would mean \u201ca failure to electronically file covered and suspicious transaction reports with the AMLC, which is a money laundering offence<\/strong>.\u201d<\/p>\n\n\n\n

Those who violate the new rule could face a maximum penalty of PHP5m (US$102,659)<\/strong> if they have assets worth PHP50bn (US$1bn) or more.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two POGOs failed to cooperate with the Anti-Money Laundering Council (AMLC) in the conduct of its compliance checking.<\/p>\n","protected":false},"author":176,"featured_media":12162,"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 Anti-Money Laundering Council (AMLC) in the Philippines has revoked the registrations of two Philippine Offshore Gaming Operators (POGOs), MG Universal Link Limited and Inner Strong Limited. This action stems from their failure to cooperate with compliance checking and non-registration for the AMLC's electronic reporting system, a requirement under the amended Anti-Money Laundering Act of 2001. Non-compliance constitutes a money laundering offense, carrying potential penalties up to PHP5 million.","focusai_entities":"MG Universal Link Limited, Inner Strong Limited, Anti-Money Laundering Council (AMLC)","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), tech_data (0.7), payments_fraud_aml (0.95), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"AMLC Enforcement Scope","query":"What specific criteria does the AMLC utilize to identify and sanction POGOs for non-cooperation, and what is the projected scope of further enforcement actions against non-compliant entities?"},{"label":"POGO Regulatory Impact","query":"How will the revocation of these POGO registrations impact the broader B2B\/B2C licensing landscape and the operational viability of other offshore gaming operators in the Philippines?"}],"footnotes":""},"categories":[156,16333],"tags":[23911,15789],"class_list":["post-23456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-south-east-asia-news","tag-gambling-regulation","tag-pogos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23456","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=23456"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23456\/revisions"}],"predecessor-version":[{"id":23478,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23456\/revisions\/23478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12162"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}