PAGCOR recognized for its crucial role in removing the Philippines from the FATF gray list
Friday 09 de May 2025 / 12:00
⏱ 1 min read
(Manila).- President Ferdinand Marcos Jr. recently commended the Philippine Amusement and Gaming Corporation (PAGCOR) for its vital role in the country’s successful exit from the Financial Action Task Force (FATF) grey list.
PAGCOR Recognized for Its Role in Strengthening the Philippines’ Financial Compliance
PAGCOR Chairman and CEO Alejandro H. Tengco, along with President and Chief Operating Officer Wilma Eisma, were among the officials honored during a ceremony at Malacañang Palace on Monday, May 5.
They received plaques of recognition for the agency’s efforts in addressing FATF’s concerns related to money laundering and terrorist financing which helped strengthen the country’s financial credibility and compliance with global standards.
“Being on the FATF grey list means that a country has significant deficiencies in anti-money laundering and counter-terrorism financing frameworks which negatively impact foreign investment and increase the cost of doing business,” Mr. Tengco said.
Philippines’ Exit from FATF Grey List Boosts Investor Confidence and Regulatory Oversight
“We are honored that PAGCOR played a crucial part in this development,” Mr. Tengco added. “As the country’s gaming regulator, we will continue to ensure that our licensees adhere to all anti-money laundering rules and regulations.”
Mr. Tengco credited PAGCOR’s Anti-Money Laundering Supervision and Enforcement Department and the Anti-Money Laundering Compliance Department for enhancing their monitoring and enforcement efforts under his watch.
“Now that the Philippines is off the FATF watchlist, we expect an increase in investor trust and the flow of foreign investments,” he said.
The PAGCOR chief also noted that President Marcos’ decision to ban offshore gaming operations was a critical turning point in demonstrating the Philippines’ commitment to global financial standards.
Categoría:Gaming
Tags: PAGCOR,
País: Philippines
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
APADELA and the Future of Sports Betting in Peru Following Regulation
(Lima, SoloAzar Exclusive).- During the Peru Gaming Show 2026, Gonzalo Rosell, President of the Peruvian Association of Online Sports Betting and Related Activities (APADELA), analyzed the current state of the Peruvian remote gaming and sports betting market following the implementation of the regulatory framework. In his presentation, “Current Situation of the Remote Gaming and Sports Betting Industry Post-Regulation in Peru,” the executive highlighted the tax challenges facing the formal industry and called for a review of the selective consumption tax.
Friday 10 Jul 2026 / 12:00
Beyond Compliance: New Challenges in Anti-Money Laundering for the Gaming Industry
(Lima, SoloAzar Exclusive).- At Peru Gaming Show (PGS) 2026, Carlos Hermoza Horna, Founder & Managing Partner at CompliLab Legal Latam, delivered a conference focused on how anti-money laundering (AML) compliance in the gaming sector must evolve beyond regulatory obligations. His presentation highlighted the growing sophistication of financial crime, the importance of technology, and the need to build a genuine compliance culture across gaming organizations.
Thursday 09 Jul 2026 / 12:00
Matías Magallón, CEO of ALPS after PGS 2026: "The industry's conversations are becoming more mature"
(Lima, SoloAzar Exclusive).- Following its participation at Peru Gaming Show 2026, ALPS CEO Matías Magallón discusses the company's objectives in Peru, the industry's evolving priorities and the opportunities emerging across Latin America.
Wednesday 08 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
