Desperate to meet international AML standards, the Philippines have given POGOs until March 16 to get registered.
Five casinos have already registered with the Philippines Anti-Money Laundering Council to comply with international standards.
The International Monetary Fund has lauded the Philippines for enacting a law that will stem the flow of illicitly obtained cash in casinos.
Felons will have a more difficult time transferring dirty cash in PH casinos after the country’s AMLC issued fresh rules for the brick-and-mortar facilities
The Philippine Anti-Money Laundering Council (AMLC) will issue a casino regulatory framework by the third week of October, according to the Manila Bulletin.