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
SiGMA North America 2026
01 de September 2026
SiGMA North America 2026 Concludes with a Spotlight on AI and iGaming
(Mexico City, SoloAzar Exclusive).- SiGMA North America 2026 concluded yesterday in Mexico City after bringing together nearly 2,250 delegates at Centro Banamex. The summit, held from September 1st to 3rd, focused on artificial intelligence (AI), innovation, collaboration between the public and private sectors, and the adaptation of global strategies to the particularities of local markets.
Friday 04 Sep 2026 / 12:00
SiGMA North America 2026 puts the spotlight on Mexico and its regulation
(Mexico City, SoloAzar Exclusive) — SiGMA North America 2026 shone a spotlight on Mexico and the regulatory future of iGaming yesterday during the opening day of its inaugural edition in the country. The agenda featured in-depth discussions on regulation, technological innovation, investment, and sustainable growth, bringing together government officials, industry leaders, investors, and tech companies. The SoloAzar team is on the ground in Mexico City covering the event, which concludes today, September 3, at Centro Banamex.
Thursday 03 Sep 2026 / 12:00
EGT Digital's Black Lounge Wins Major Award at SiGMA North America Awards
(Sofia).- EGT Digital’s Black Lounge has been named Best New Game Release 2026 at the SiGMA North America Awards in Mexico City, highlighting the company’s continued investment in innovative, player-focused casino content.
Thursday 03 Sep 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.
