Financial Blog


BSP Advisory on Illegal Online Gambling sites

The Philippine Amusement and Gaming Corporation (PAGCOR) has issued several public warnings and press statements against illegal online gambling offered by dishonest individuals and groups and promoted through social media platforms.

PAGCOR warned the public not to patronize these illegal gambling activities due to the risk of being scammed and falling prey to identity theft and credit card fraud. The warning also emphasized that no person or organization other than those licensed by PAGCOR and other government agencies may operate gambling in the Philippines.

Know that it’s illegal for any person or organization without a license to be directly or indirectly be part of any unauthorized gambling activities online.

These unlicensed online gaming and betting operators use banks, remittance transfer companies (RTCs), virtual currency exchanges (VCEs), electronic money issuers (EMIs), and operators of the payment system (OPS) as conduits of funds (collection of bets and remittance of winnings) for their illegal operations.

Everyone is reminded to deal only with gambling and online gaming businesses which are authorized and registered with the appropriate government agencies.

Please refer to the BSP Circular Letter No. CL-2021-012.



Share This