The Philippines’ Anti-Money Laundering Council (AMLC) has added a third Philippine Offshore Gaming Operator (POGO) to a list of licensed operators it says have failed or refused to cooperate with compliance checks.
A notice on the AMLC website indicated that Smarc Group International Ltd. will have its license revoked due to its failure to cooperate, and the public has been advised to “be cautious and to observe appropriate protocols in dealing with” the POGO. Two other POGOs are on the list, Inside Asian Gaming reported: MG Universal Link Limited and Inner Strong Ltd.
The global Financial Action Task Force (FATF) has named the Philippines as one of four nations named under increased monitoring to ensure it strengthens its AML and CTF effectiveness.
