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Regulator monitoring online-casinos in every possible way encourages development and implementation of mechanisms to ensure a high level of customer protection and measures to prevent fraudulent activities; it’s taken quite seriously. Companies intending to get a Philippine gambling license are carefully checked. Gamble companies must hold an account covering all user balances. Philippine licenses are very valuable and are only issued to firms with an undeniable reputation.
Anti-Money Laundering, Unusual Transactions, Anti-Terrorist Financing and Know Your Customer mechanisms apply to all online-casinos in this jurisdiction. PAGCOR monitors gamble companies and services to make sure they operate in accordance with local norms and regulations. Accordance with permission terms is constantly monitored.
Companies possessing online gambling license Philippines are required to maintain a clear audit trail for every user who makes a deposit with the operator, including financial transactions and individual stakes. Game systems must be publicly available to third party auditors. The rules, the results of the game and the withdrawal of money must be accessible to regulator for 5 years.
Opening online-casinos, businesspersons should register and obtain gambling license in Philippines.
Establishments with Philippines online gaming license may function legally. All candidates must pass a standard assessment, as regulator only grants permissions with guarantee of financial stability and a clean reputation. If something in the company’s activities doesn’t meet state norms, the regulator requests documents and indicates what to improve. As a result, having received permission from Philippines, enterprises may act worldwide. Philippines gaming license cost grounds on several important factors, particularly, products list firms intend to provide, etc.
Our specialists are ready to give you qualified assistance in obtaining a gambling license in Philippines. We’re highly-qualified Philippines gaming-license law firm having great expertise and professional knowledge.
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