President Ferdinand Marcos Jr. has issued Executive Order No. 74, officially banning Philippine Offshore Gaming Operations (POGOs) due to their association with crimes and financial risks. The Anti-Money Laundering Council cited POGOs as susceptible to illicit financial activities. The order mandates that POGOs halt operations by the end of 2024, with no new licenses to be issued. Law enforcement agencies will intensify efforts to combat illegal gaming operations. Various government departments will monitor compliance, especially in real estate and tourism sectors.
MARCOS SIGNS ORDER TO BAN POGOs AMID RISING CONCERNS
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