September 29, 2020

PAGCOR advise social media platforms to help against illegal gambling

PAGCOR advise social media platforms to help against illegal gambling

Manila, Philippines –The Philippine Amusement and Gaming Corporation (PAGCOR) has persuaded social media platforms to do their part and help them in fighting against illegal gambling in the country. The regulator said it has seen reports of increase in unlicensed online activity since the start of the novel coronavirus (Covid-19) pandemic.

PAGCOR explained that one of the main areas of concern is that illegal gambling operations and websites continue to be promoted through social media platforms like Facebook.

Because of this, the regulator has called on Facebook and other social media platforms to work with t hem and other authorities in the Philippines to help fight against fraudulent activities.

This request comes as PAGCOR repeated its warning for Philippine citizens to avoid gambling with unlicensed operators, as reports of illegal operations go up.

The regulator revealed that the Philippine National Police Anti-Cybercrime Group (PNP-ACG) was able to successfully shut down one illegal online bingo operation, but it added that several illegal gambling operations remain under surveillance.

In order to support its ongoing fight against illegal gambling operators, PAGCOR said it will seek help from both the Banko Sentral ng Pilipinas (BSP), and the countrys Anti-Money Laundering Council (AMLC).

Through this collaboration, PAGCOR will investigate the banks, remittance services, and payment solutions being used to fund illegal operations.

“While illegal gambling per se is not among the predicate crimes of money laundering frauds and swindling are,” PAGCOR explained. “These are based on the act of taking bets from the public and falsely representing that they have a legitimate business, when in fact, they have no such authority,” it added.

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