{"id":777026293,"date":"2025-05-12T10:03:45","date_gmt":"2025-05-12T13:03:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026293"},"modified":"2026-04-21T23:04:59","modified_gmt":"2026-04-22T02:04:59","slug":"pagcor-praised-for-role-in-philippines-exit-from-fatf-grey-list","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-praised-for-role-in-philippines-exit-from-fatf-grey-list","title":{"rendered":"PAGCOR praised for role in Philippines’ exit from FATF grey list"},"content":{"rendered":"\n

President Ferdinand R. Marcos Jr has commended PAGCOR and other government agencies for their roles in the Philippines’ removal from the Financial Action Task Force grey list.\u00a0<\/p>\n\n\n\n\n\n\n\n

The Philippines.- President Ferdinand Marcos Jr <\/strong>has recognised the role of the Philippine Amusement and Gaming Corporation (PAGCOR) in helping the country exit the Financial Action Task Force (FATF) grey list<\/a>.<\/p>\n\n\n\n

During a ceremony at Malaca\u00f1ang Palace held a week ago (May 5), PAGCOR’s chairman and CEO Alejandro H. Tengco and president and chief operating officer Wilma Eisma received plaques for their work in addressing FATF’s concerns about money laundering and terrorist financing, which improved the country’s financial standing and compliance with international standards.<\/p>\n\n\n\n

Tengco said: “Being on the FATF grey list means that a country has significant deficiencies in anti-money laundering and counter-terrorism financing frameworks, which negatively impact foreign investment and increase the cost of doing business.<\/p>\n\n\n\n

“We are honoured that PAGCOR played a crucial part in this development,\u201d Mr. Tengco added. \u201cAs the country\u2019s gaming regulator, we will continue to ensure that our licensees adhere to all anti-money laundering rules and regulations.”<\/p>\n\n\n

\n
\"President
The ceremony was held in Malacanang on May 5.<\/figcaption><\/figure>\n<\/div>\n\n\n

Tengco highlighted the efforts of PAGCOR’s Anti-Money Laundering Supervision and Enforcement Department and the Anti-Money Laundering Compliance Department for improving monitoring and enforcement actions. He said: “Now that the Philippines is off the FATF watchlist, we expect an increase in investor trust and the flow of foreign investments.”<\/p>\n\n\n\n

PAGCOR’s chairman mentioned president Marcos’ ban on offshore gaming operations<\/a> as a step in showing the Philippines’ commitment to global financial standards.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Philippine president “would not hesitate” to ban inland online gaming operators<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

President Ferdinand R. Marcos Jr has commended PAGCOR and other government agencies for their roles in the Philippines’ removal from the Financial Action Task Force grey list.\u00a0<\/p>\n","protected":false},"author":176,"featured_media":777026295,"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 Philippines has been removed from the Financial Action Task Force (FATF) grey list, a significant development attributed to the Philippine Amusement and Gaming Corporation (PAGCOR)'s enhanced anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks. This exit is expected to bolster investor confidence and attract foreign direct investment, improving the nation's financial standing. PAGCOR, as the gaming regulator, reaffirms its commitment to stringent licensee adherence to AML regulations, including the recent ban on offshore gaming operations.","focusai_entities":"PAGCOR, Financial Action Task Force, FATF, Ferdinand R. Marcos Jr., Alejandro H. Tengco, Wilma Eisma, Anti-Money Laundering Supervision and Enforcement Department, Anti-Money Laundering Compliance Department","focusai_location":"Philippines, Malaca\u00f1ang Palace","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.85), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Impact on iGaming Investment?","query":"How is the Philippines' improved financial standing and investor trust expected to influence foreign direct investment and M&A activity within its regulated iGaming verticals?"},{"label":"Future Regulatory Strategy?","query":"What are PAGCOR's anticipated long-term regulatory strategies and governance frameworks to sustain this enhanced compliance status, particularly concerning its B2B and B2C licensing regimes?"}],"footnotes":""},"categories":[156,16333],"tags":[24038,405,128],"class_list":["post-777026293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-south-east-asia-news","tag-fatf","tag-pagcor","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026293","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=777026293"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026293\/revisions"}],"predecessor-version":[{"id":777026352,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026293\/revisions\/777026352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777026295"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777026293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}