PAGCOR orders casinos to strengthen AML controls after high-risk assessment<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"The BSP has called on financial institutions to strengthen AML and counter-terrorism financing measures for customers linked to casino junkets.<\/p>\n","protected":false},"author":226,"featured_media":15427,"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 Bangko Sentral ng Pilipinas (BSP) has issued new guidance, \"Risk Management Practices for Customers Engaged in Casino Junket Operations,\" mandating BSP-Supervised Financial Institutions (BSFIs) to enhance Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) measures. This initiative targets elevated illicit finance risks associated with casino junkets, emphasizing enhanced due diligence, automated monitoring, and inter-agency information sharing with PAGCOR.","focusai_entities":"Bangko Sentral ng Pilipinas (BSP), Lyn I. Javier, Philippine Amusement and Gaming Corporation (PAGCOR)","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), tech_data (0.75), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Junket GGR?","query":"What is the projected impact of these enhanced AML\/CTF measures on the Gross Gaming Revenue (GGR) contribution from casino junket operations in the Philippines over the next 12-24 months?"},{"label":"Operator Compliance Burden?","query":"How will the increased due diligence and monitoring requirements for BSFIs translate into direct compliance burdens and operational adjustments for Philippine-licensed casino operators utilizing junket services?"}],"footnotes":""},"categories":[24628,156,158,16333],"tags":[29,24619,225,24860,24804],"class_list":["post-777045208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlight-of-the-week","category-regulation-news","category-slider-home","category-south-east-asia-news","tag-casino","tag-finance","tag-legislation","tag-philippine-central-bank","tag-the-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777045208","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777045208"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777045208\/revisions"}],"predecessor-version":[{"id":777045226,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777045208\/revisions\/777045226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15427"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777045208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777045208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777045208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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