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Insufficient attention:The Philippines’ Anti-Money Laundering Council (AMLC) has now reportedly used an official risk assessment to declare that these POGOs often exhibit ‘a low level of awareness’ when it comes to money laundering and other fraudulent activities such as the financing of terrorism. encompassed in our Partner with Confidence strategy.In the Philippines and the nation’s anti-money laundering watchdog has reportedly called for stricter regulation of licensed iGaming firms and their utilization of often unregulated and unsupervised service providers....
Insufficient attention:The Philippines’ Anti-Money Laundering Council (AMLC) has now reportedly used an official risk assessment to declare that these POGOs often exhibit ‘a low level of awareness’ when it comes to money laundering and other fraudulent activities such as the financing of terrorism. How this will affect the sports betting industry during one of the busiest times of the year is yet to be seen. The Utah Jazz and Oklahoma City Thunder game was stopped mid-way due to Gobert being diagnosed with the virus but he never was at the arena during the game....
Illicit exposure:According to the source, the nation’s iGaming sector is regulated by the Philippine Amusement and Gaming Corporation (PAGCor) but that the watchdog’s examination had identified a number of shortcomings in the current supervisory regime. Only limited family and staff members will be allowed on-site. Other teams that have played on the same court in recent days have been told to self-quarantine including the New York Knicks, Detroit Pistons and the Toronto Raptors....
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