Colour me grey. The Philippines’ attempt to exit the Financial Action Task Force (FATF) grey list was unsuccessful during the recent plenary session, despite significant progress in its anti-money laundering and counter-terrorism financing (AML/CFT) reforms since being placed on the list in 2021.
The post Daily Asia Gaming eBrief: Philippines remains on FATF grey list despite improvements first appeared on Asia Gaming News | AGB – Asia Gaming Brief.
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PAGCOR is a 100 percent government-owned and controlled corporation under the Office of the President of the Republic of the Philippines.
The state-owned gaming firm was created during the Martial Law years by virtue of a Presidential Decree (PD) 1067-A issued by then President Ferdinand Marcos in response to calls for the Philippine government to put a stop to the growing proliferation of illegal casino operations in various parts of the country.
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