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Philippines introduces anti money laundering casino law

Philippine president Rodrigo Duterte has today signed a law which extends the coverage of existing anti-money laundering legislation to cover casino operations. Republic Act 10927 amends the Philippine Anti Money Laundering Act (2001) including land-based, internet and ship based casino operations under the act’s definition of ‘covered persons’. Originally the anti money laundering act only covered banks, trust entities, insurance companies...
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