AMLC: P14-B POGO transactions related to 'suspicious' activities


14 billion pesos of the total 54-billion peso transactions by Philippine offshore gaming operators (POGOs) from 2017 to 2019 was linked to “suspicious activities,” the Anti-Money Laundering Council (AMLC) said on Thursday.

Meantime, 138 million pesos in POGO transactions were connected to drug trafficking, based on figures disclosed by AMLC Executive Director Mel Racela in a Senate hearing.

4.9 billion pesos were linked to violations of the electronic commerce law, 4 billion pesos to lack of legal or trade obligations, 2.4 billion pesos to deviations from clients' profiles, and 2.2 billion pesos to funds not commensurate to the business of a client.

However, Racela did not disclose details on the money linked to drug trafficking.