Business

Pagcor seeks BSP, AMLC, Facebook’s help in taking down illegal gambling plus their conniving banks, payment providers

Illegal gambling is on the rise on social media and the Philippine Amusement and Gaming Corporation (Pagcor)needs all the help it can get in taking down these sites.

Illegal gambling is on the rise on social media and the Philippine Amusement and Gaming Corporation (Pagcor)needs all the help it can get in taking down these sites.

In a statement, the casino regulator sought the help of the Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council (AMLC) to conduct investigation on banks, remittance services, and payment solutions used as fund conduits for these illegal operations.

While illegal gambling per se is not among the predicate crimes of money laundering, Pagcor said fraud and swindling were “based on the act of taking bets from the public by falsely representing that they have a legitimate business, when in fact, they have no such authority.”

Pagcor also urged Facebook managers “to cooperate with Philippine authorities to curtail fraudulent activities, which are promoted through their platform.”

Pagcor made the appeal after the Philippine National Police Anti- Cybercrime Group (PNP-ACG) conducted a successful operation against an illegal online bingo operator recently.

Since the COVID-19 pandemic started early this year, PAGCOR has received an increase in reports on illegal online gambling being promoted through social media platforms like Facebook.

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