The Anti-Money Laundering Council (AMLC) has issued a warning to financial institutions and related businesses to avoid transactions linked to online casinos and gambling platforms that are not registered with the Philippine Amusement and Gaming Corporation (Pagcor).
The Anti-Money Laundering Council (AMLC) receives a very large number of covered and suspicious transactions reports from financial institutions each year. Yet, it cannot keep pace with complex illicit fund flows.
PayMaya has signed an Information-Sharing Protocol (ISP) agreement with the Anti-Money Laundering Council (AMLC) to help the government in its efforts to prevent and combat financial crimes in the country.
