Regulatory Alerts2026-07-09
Added · Updated
Guidance Paper on Risk Management Practices for Customers Engaged in Casino Junket Operations
Bangko Sentral ng Pilipinas requires all supervised financial institutions to enhance their Anti-Money Laundering and Countering the Financing of Terrorism frameworks to specifically address risks posed by casino junket operators. The guidance mandates the implementation of bespoke policies, including Enhanced Due Diligence for high-risk junket clients, tailored transaction monitoring parameters, and improved board-level oversight. Institutions are expected to adopt specific red flag indicators and typologies identified in the review to detect suspicious activities such as unexplained cash flows and complex fund layering. This directive applies to universal and commercial banks, thrift banks, and other entities supervised by the central bank.