Part V: Regional & Cultural · Asia-Pacific Regional Terms

AMLC (Anti-Money Laundering Council)

Philippines — Regulatory/LegalVERIFIED

The Anti-Money Laundering Council is the Philippines’ financial intelligence unit responsible for preventing and investigating money laundering activities. The AMLC works closely with PAGCOR and other agencies to monitor compliance with anti-money laundering laws within the gaming industry. The council has been involved in high-profile investigations related to the 2016 Bangladesh Bank heist, where stolen funds were traced through Philippine casinos, leading to significant strengthening of casino AML regulations.

In practice

The Bangladesh Bank heist exposed serious weaknesses in Philippine casino AML controls, resulting in amendments to the Anti-Money Laundering Act that brought casinos under AMLC oversight for the first time.

One entry from the Casino Industry Glossary, 1,090 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.