MANILA (Bloomberg): The Philippines’ Anti-Money Laundering Council said it has flagged as 'suspicious about 14 billion pesos (US$276 million) worth of transactions linked to online casinos.
The transactions from 2017 to October 2019 "were related to suspicious activities, ” AMLC Executive Director Mel Georgie Racela said in a Senate hearing on Thursday (March 5), citing the agency’s risk assessment report on Philippine offshore gaming operators or Pogos which cater mainly to Chinese punters.
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