Tag Archives: financial action task force
- China, Macau sign pact to toughen money laundering measures
August 24, 2015
China's central bank has signed a pact with Macau’s financial regulators to bolster cross-border anti-money laundering measures. In a notice on its website, the People's Bank of China (PBC) announced on Friday without elaboration that it has signed a memorandum of understanding with the Macau Monetary Authority on bilateral exchanges on...
- Antigua PM rubbishes US claims that online gambling industry is “growing”
March 24, 2015
Antigua’s Prime Minister Gaston Browne has hit back at US claims that he believes “unfairly and unjustly” harm his nation’s reputation. On Tuesday, Browne made a statement to the Antiguan House of Representatives regarding the US State Department’s 2015 International Narcotics Control Strategy Report (INCSR), which labeled Antigua and six...
- Could Macau currency declaration plan eat into mass market gaming?
July 10, 2013
SJM Holdings chairman Ambrose So teased the media last week as to the “quite good” contents of his company’s upcoming H1 report card, saying only that it was “double-digit growth, more than 10%” above the market-leading SJM’s profit of MOP 3.4b (US $327.1m) in H1 2012. Macau gaming regulators recently...
- PH Congress assures new AMLA amendments to cover casinos
February 25, 2013
Philippine lawmakers have given the Financial Action Task Force the assurance that the country's anti-money laundering law (AMLA) will still get another round of amendments with particular attention being paid to the regulation of casino operations in the country. Senator Teofisto Guingona III, the main proponent in the Philippine Senate...
- PH Congress officially passes amended money-laundering law, casinos and Internet gaming spared from inclusion
February 6, 2013
Philippine casinos and Internet gaming were spared from an amended money-laundering law that was passed by the Philippine Senate and the House of Representatives, clearing the way for the industry to continue in its quest to become Asia's next big gambling destination. The decision by both the Philippine Congress and...
- SkyCity Manila rumors; Phlippines to ease financial transaction reporting; Taiwan casino bill sent to Cabinet
February 1, 2013
New Zealand/Australian casino operator SkyCity Entertainment Group is attempting to quiet rumors that it is considering expanding into the Philippines gaming market. The New Zealand Herald started the kerfuffle with a vague report that SkyCity was planning a NZ $200m (US $168m) gaming project in Manila that would get underway...
Okada Manila eyes Philippine backdoor listing
May 2, 2017