Manila, Feb 25: The Philippine National Police (PNP) has pledged full support for a new government-led push to strengthen the country’s defenses against money laundering and terrorism financing, with casinos and other high-risk industries set to come under closer watch.The initiative follows a directive from President Ferdinand Marcos Jr., who has ordered agencies to help draft the National Anti-Money Laundering and Counter-Terrorism/Proliferation Financing Strategy (NACS) for 2026–2030. The strategy aims to build on recent reforms and ensure the Philippines maintains its improved standing in the global financial system.
The Anti-Money Laundering Council (AMLC) has been assigned to provide technical and administrative support in shaping the framework, coordinating with law enforcement and regulatory bodies.Safeguarding Global StandingThe Philippines was removed from the Financial Action Task Force (FATF) grey list in February 2025, marking a significant milestone after years of reforms. Being on the grey list had subjected the country to increased monitoring due to deficiencies in combating financial crimes.With another FATF evaluation scheduled later this year, authorities are keen to avoid any regression.PNP Chief Gen. Jose Melencio Nartatez Jr. said the police force is prepared to strengthen coordination with the AMLC in targeting organized crime groups.“We are ready to integrate our investigative powers with the AMLC in running after organised crime groups and syndicates, especially those involved in illegal drugs, smuggling and cybercrimes,” Nartatez said in a statement.Casinos and High-Risk Sectors in FocusUnder the enhanced enforcement plan, casinos, real estate firms, and import-export businesses have been identified as sectors requiring heightened monitoring due to their exposure to large cash flows and cross-border transactions.The gaming industry, in particular, has long been considered vulnerable to money laundering schemes. Authorities say closer oversight will include improved data sharing between agencies and expanded joint operations aimed at tracking suspicious financial activity.The latest measures follow a sweeping clean-up of the country’s gaming sector over the past year.
The government moved to shut down Philippine Offshore Gaming Operators (POGOs) and tightened regulations on junket operators, steps widely viewed as crucial in convincing FATF that the country had strengthened its safeguards.A Coordinated ApproachOfficials say the forthcoming NACS blueprint will emphasize inter-agency collaboration, intelligence gathering, and enforcement consistency across sectors.For Manila, maintaining compliance with international anti-money laundering standards is not only about avoiding reputational damage but also about protecting investment flows and financial stability.As preparations for the next FATF review gather pace, the government’s message is clear: industries considered high risk — including casinos — will face stricter oversight as part of a broader effort to keep illicit funds out of the Philippine financial system.
