Philippines puts big casinos on money-laundering watch


A mega-casino in the Philippines: the establishments will now have to report suspicious transactions. - AFP/file

Manila (AFP) - The Philippines said Wednesday it would monitor large transactions at casinos to curb money-laundering, after proceeds from an $81 million theft were funnelled through several gambling establishments last year.

President Rodrigo Duterte signed a law this week adding the gaming sector to monitored institutions.

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