We are delighted to officially announce that ACAMS is now an accredited institutional training provider of the Philippine Amusement and Gaming Corporation (PAGCOR) and the Anti-Money Laundering Council (AMLC).
Philippines Amusement and Gaming Corporation (PAGCOR)
The Philippine Amusement and Gaming Corporation (PAGCOR) is a 100 percent government-owned and controlled corporation under the Office of the President of the Republic of the Philippines.
The Corporation was created by virtue of a Presidential Decree (PD1067-A), which was issued in response to calls for the Philippine Government to put a stop to the growing proliferation of illegal casino operations in various parts of the country. The law creating PAGCOR was later amended and consolidated under PD 1869 otherwise known as the PAGCOR Charter. PAGCOR is responsible for licensing and regulating persons primarily engaged in gambling and their allied businesses.
Anti-Money Laundering Council (AMLC)
The Anti-Money Laundering Council (AMLC) was created pursuant to Republic Act No. 9160, otherwise known as the “Anti-Money Laundering Act of 2001” (AMLA), to protect the integrity and confidentiality of bank accounts and to ensure that the Philippines shall not be used as a money laundering site for the proceeds of any unlawful activity.
The AMLC is the Philippines’ Financial Intelligence Unit (FIU) tasked to implement the AMLA, as amended by Republic Act Nos. 9194, 10167, and 10365, as well Republic Act No. 10168, otherwise known as the “Terrorism Financing Prevention and Suppression Act of 2012”.