BSP urges banks to strengthen controls on casino junket customers
The Bangko Sentral ng Pilipinas urged supervised financial institutions to tighten controls on customers involved in casino junket operations, citing elevated money-laundering risks. Its guidance identifies unusual cash movements, layered transactions and complex ownership structures as warning signs, and recommends enhanced due diligence, account monitoring and suspicious-transaction reporting. The BSP also stressed information sharing with the Philippine Amusement and Gaming Corporation.
The guidance sets out risk controls banks should apply to customers linked to casino junket operations.