The movement of funds to and from Philippine casinos will be monitored by the nation’s Anti-Money Laundering Council (AMLC) from November 4 when the Implementing Rules and Regulations (IRR) of Republic Act No. 10927 are slated to be enacted. Under the new anti-money laundering act, local casinos will have to deploy formal processes for customer identification, ones that have already been introduced at local banks and other financial institutions… Read more