{"id":11067,"date":"2026-07-22T05:19:11","date_gmt":"2026-07-22T05:19:11","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2026\/07\/22\/philippines-bsp-tightens-aml-controls-for-casino-junkets\/"},"modified":"2026-07-22T05:19:11","modified_gmt":"2026-07-22T05:19:11","slug":"philippines-bsp-tightens-aml-controls-for-casino-junkets","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2026\/07\/22\/philippines-bsp-tightens-aml-controls-for-casino-junkets\/","title":{"rendered":"Philippines: BSP Tightens AML Controls for Casino Junkets"},"content":{"rendered":"<div>\n<p>The Bangko Sentral ng Pilipinas has told banks and other supervised financial institutions to strengthen controls around casino junket operators. New guidance focuses on customer checks, transaction monitoring and suspicious activity reporting.<\/p>\n<hr>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>The BSP classifies casino junket activity as an elevated money laundering risk.<\/strong><\/em><\/li>\n<li><em><strong>Red flags include unexplained cash deposits, shell companies and layered fund transfers.<\/strong><\/em><\/li>\n<li><em><strong>Better data sharing between banks, Pagcor and the BSP forms a central part of the guidance.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<h2><strong>Cash Patterns and Hidden Ownership Raise Concern<\/strong><\/h2>\n<p>Large cash payments without a clear business reason sit among the main warning signs listed by the BSP. Other risks include cheque deposits, complex ownership structures, shared business addresses and non-cash instruments used to transfer money through casinos.<\/p>\n<p>Banks may also discover that customers first described as casino financiers or players are actually operating junket businesses. Enhanced analysis can reveal links between related companies, intermediaries and beneficial owners.<\/p>\n<p><em>\u201cFinancial transactions linked to casino junket operators can pose elevated money laundering risks,\u201d<\/em> BSP deputy governor Lyn Javier said.<\/p>\n<p><em>\u201cWe identify the best practices and red flags BSFIs need to watch out for to be strong partners in our shared goal of curtailing crime and safeguarding the integrity of the financial system,\u201d<\/em> she added.<\/p>\n<p>The guidance followed a BSP review of selected banks handling junket operator and player transactions. Most institutions already treat junket operators as high-risk customers, but the central bank found gaps in dedicated risk frameworks and staff training.<\/p>\n<p>Recommended controls cover senior management oversight, customer identification, ongoing monitoring, suspicious transaction reports, internal reviews and employee education.<\/p>\n<p>Some banks already use automated monitoring, client link analysis, independent regulator checks and enhanced due diligence. However, limited information on registered and delisted junket operators still makes ownership and fund flows harder to trace.<\/p>\n<p>An earlier Anti-Money Laundering Council study found transactions that did not match declared income, chip purchases using small banknotes followed by little play, and links between junket operators and criminal groups.<\/p>\n<p>The BSP said closer cooperation with Pagcor and financial institutions can improve access to licence, ownership and related company data. Pagcor has separately <strong><a href=\"https:\/\/igaming.org\/casino-news\/pagcor-orders-casinos-to-tighten-aml-controls\/\">asked<\/a> <\/strong>casino operators to upgrade controls covering VIP gambling, junkets, electronic gaming and cross-border payments.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/philippines-bsp-tightens-aml-controls-for-casino-junkets\/\">Philippines: BSP Tightens AML Controls for Casino Junkets<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bangko Sentral ng Pilipinas has told banks and other supervised financial institutions to strengthen controls around casino junket operators. New guidance focuses on customer checks, transaction monitoring and suspicious activity reporting. Good to Know The BSP classifies casino junket activity as an elevated money laundering risk. Red flags include unexplained cash deposits, shell companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-11067","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/11067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=11067"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/11067\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=11067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=11067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=11067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}