New legislation set to tackle anti-money laundering.
Casino operators in the Philippines have been attending workshops on how to comply with the country’s new anti-money laundering regulations, though some industry experts say the rules are still are not strong enough. On July 14, 2017, President Rodrigo Duterte signed the amended Anti-Money Laundering Act of 2001 to include casinos under the definition of “covered persons” when it comes to AML. This includes land-based, shipboard and online operations.
