Philippine Congress Introduces Tighter Casino Anti-Money Laundering Regulations
Philippine lawmakers voted earlier in favor of proposed amendments to the country’s anti-money laundering regulations today. The amended law will now cover the Philippines’ profitable gambling industry, including land-based and gambling that is online as well as gambling solutions provided on board of cruise lines.
Both chambers of this Philippine Congress passed separate, but similar best real money casino app iphone within their nature, bills that call for an expansion and enhancement regarding the country’s current regulatory framework for the prevention of cash laundering and relevant illicit financial flows.
The amendments towards the existing legislation had been urged by the Asia/Pacific Group on cash Laundering, an autonomous international company that includes a lot more than 40 countries from the area. Your body had offered the Philippine federal how to win real money on doubleu casino app government up until June 2017 to implement anti-money laundering reforms that, among other areas, would additionally affect gambling operations, specifically to deals regarding gambling.
The Philippines as well as its cash laundering regulations appeared regarding the radar display year that is last relation to the Bangladesh Bank heist. Significantly more than $81 million were taken through the bank that is central of and had been presumably laundered in Philippine gambling enterprises.
The rather lax casino money laundering laws hampered investigation making it very difficult for authorities and police to trace the Bangladesh money and find out whom the perpetrators online real money casino app were. Continue reading “Philippine Congress Casino app real money iphone Introduces Tighter Casino Anti-Money Laundering Regulations”