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In the Philippines and the nation’s anti-money laundering watchdog has reportedly called for stricter regulation of licensed iGaming firms and their utilization of often unregulated and unsupervised service providers.According to a report from Inside Asian Gaming, there are 59 entities holding a Philippine Offshore Gaming Operator (POGO) license with these enterprises said to be relying on some 218 service providers for a range of facilities including online casino software and streamed content. How this will affect the sports betting industry during one of the busiest times of the year is yet to be seen....

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 encompassed in our Partner with Confidence strategy. Included in the mix are the NCAA and the NBA. The appraisal also purportedly determined that the current iGaming licensing system should be ‘re-evaluated’ as it presents ‘an increasing level of threat’ cas ino australia no deposit bonus hnavdue to operator reliance on these often foreign-based service providers....

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Insufficient attention:The Philippines’ Anti-Money Laundering Council (AMLC) has now reportedly used an official risk assessment to declare that these POGOs often exhibit ‘a low level of awareness’ when it comes to money laundering and other fraudulent activities such as the financing of terrorism.Major NBA Decision:The news that the NBA season was suspended came last night soon after Rudy Gobert of the Utah Jazz was announced having tested positive for the coronavirus. The NHL is expected to provide a further update this week....

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These had purportedly included a repeated lack on the part of POGOs to employ local agents and individuals tasked with ensuring their compliance with anti-money laundering directives. The appraisal also purportedly determined that the current iGaming licensing system should be ‘re-evaluated’ as it presents ‘an increasing level of threat’ cas ino australia no deposit bonus hnavdue to operator reliance on these often foreign-based service providers.”Authority advice:GGRAsia used a Tuesday report of its own to explain that the Philippines watchdog called for the local iGaming industry to institute workshops and training schemes so as to increase levels of employee compliance and supervision when it comes to anti-money laundering observances....

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”Illicit exposure:According to the source, the nation’s iGaming sector is regulated by the Philippine Amusement and Gaming Corporation (PAGCor) but that the watchdog’s examination had identified a number of shortcomings in the current supervisory regime. How this will affect the sports betting industry during one of the busiest times of the year is yet to be seen....