Philippine Payment Review Targets Hidden Online Casino Flows
The Bangko Sentral ng Pilipinas is preparing stricter controls for payment service providers after authorities identified thousands of merchant accounts allegedly connected to illegal online casino transactions. According to Bloomberg, the Philippine central bank’s surveillance found businesses that appeared on paper to be ordinary merchants while processing large volumes of small payments late at night. Authorities eventually determined that some of those transactions represented wagers placed with online casinos. Beauty salons, bakeries and small neighborhood stores were among the business […] The post Philippine Payment Review Targets Hidden Online Casino Flows appeared first on World Casino News.
The Bangko Sentral ng Pilipinas is preparing stricter controls for payment service providers after authorities identified thousands of merchant accounts allegedly connected to illegal online casino transactions. According to Bloomberg, the Philippine central bank’s surveillance found businesses that appeared on paper to be ordinary merchants while processing large volumes of small payments late at night. Authorities eventually determined that some of those transactions represented wagers placed with online casinos. Beauty salons, bakeries and small neighborhood stores were among the business […]
The post Philippine Payment Review Targets Hidden Online Casino Flows appeared first on World Casino News.
