The Philippine Amusement and Gaming Corporation (PAGCOR) appealed to the Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council (AMLC) to look into banks, money transfers, and payment solutions providers against online illegal gambling operations.

PAGCOR likewise warned the public not to engage in online illegal gambling operations promoted via social media, which is on the rise during the COVID-19 pandemic.

“To further strengthen the fight against unauthorized gambling activities, the state-run gaming regulator will ask for the assistance of the BSP and the AMLC to conduct an investigation on banks, remittance services, and payment solutions used fund conduits for these illegal operations,” said PAGCOR.

“While illegal gambling per se is not among the predicate crimes of money laundering, fraud and swindling are. These are based on the act of taking bets from the public by falsely representing that they have a legitimate business, when in fact, they have no such authority,” it added.

PAGCOR bared in January that it had signed a memorandum of understanding (MOU) with the AMLC aimed at improving cooperation against money laundering and terrorism financing risks.


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