n fact the FATF wants the Philippine Amusement and Gaming Corp. (Pagcor), the state-owned gaming regulator to adopt the rule as part of the countries law. Pagcor has said it is amenable to the inclusion of casinos in the coverage of the law.
“We are very open to be part of AMLA (Anti-Money Laundering Act of 2001). We have already told Congress that we are willing to be covered by AMLA,” Pagcor chairman Cristino Naguiat said.
In its latest Anti-Money Laundering and Counter Terrorist Financing manual, the FATF said casinos should identify and verify the identity of customers who engage in financial transactions equal to or above $3,000.