Pagcor backs crackdown on money laundering

The Philippine Amusement and Gaming Corp. (Pagcor) on Thursday affirmed its support to the government’s crackdown on illegal gambling and gaming-related money laundering activities in the country.

PAGCOR president Alfredo Lim said the corporation has created an anti-money laundering supervision department to thwart the funneling of illegal revenues through legitimate businesses and banks.