Elevate Your Skills
Virtual Workshop on AML/CTF Best Practices for Casinos and Online Gaming Companies in the Philippines
Professional Training Programs
Overview
The virtual workshop is designed to equip professionals from casinos and online gaming companies based with a comprehensive understanding of the Anti-Money Laundering and Counter-Terrorism Financing framework in the Philippines and learn from global best practices implemented in other jurisdictions.
Who Should Participate?
The programme is relevant for professionals from the AML compliance, regulatory compliance, audit, legal, strategy and operations teams working with casinos and online gaming companies in the Philippines
Workshop Coverage
Part 1: Local Regulatory Framework and Guidelines (30 minutes) to be covered by Atty. Alphecca B. Adolfo-Madrid
- Republic Act 10927 [Anti-Money Laundering Act (AMLA) of 2001, as amended] - Inclusion of Casinos as Covered Persons under the AMLA
- PAGCOR Anti-Money Laundering Supervision And Enforcement Department (PASED) – Roles in AML/CFT
- Compliance Framework: Money Laundering and Terrorist Financing Prevention Program (MTPP)
- Fitness and Propriety Assessment for Junket Operators
- Enhanced Due Diligence Requirements for Casinos and Junket Operators
- Guidelines on the Imposition of Administrative Sanctions for Land-Based Casinos
Part 2: Global AML/CTF Compliance Best Practices (90 minutes) to be covered by Yanica Grech
- Risk assessment
- Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Transaction Monitoring
- Targeted Financial Sanctions and Screening
- AML Training and Awareness
- Reporting and Record-Keeping
- Independent Audit and Review
- Whistleblower Protection
- Collaboration and Information Sharing
- Use of Technology
Workshop Trainers
Atty. Alphecca B. Adolfo-Madrid
Empaneled Trainer, Fintelekt
Atty. Alphecca B. Adolfo-Madrid is an AML professional who is skilled in audit, compliance, and integrity due diligence with a Certified Anti-Money Laundering Specialist license. She was certified as a member of the Philippine Bar in November 2016 and a certified public accountant in October 2006. Atty. Adolfo Madrid has experience working with Sycip Gorres Velayo & Co.’s Tax Reporting & Operations Group, Deutsche Knowledge Services Pte. Ltd.’s Integrated Financial Accounting Services, Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council (AMLC) Secretariat’s Compliance and Supervision Group. She is an accredited trainer with the AMLC.
Atty. Adolfo-Madrid joined the pioneering AML and counter-terrorism financing (CTF) compliance assessment of integrated resort casinos and Casino Filipino; and wrote various financial intelligence reports for use by foreign financial intelligence units and Philippine and foreign law enforcement and intelligence agencies. Currently, Atty. Alphecca is an Integrity Due Diligence Consultant in the Private Sector Operations Department, Infrastructure Finance Division 1 (PSIF1) of Asian Development Bank, where she supports the project team on integrity-related work for PSIF1 transactions; gathers relevant information to supplement and verify information provided by the project team; and reviews research reports.
Yanica Grech
Empaneled Trainer, Fintelekt
Yanica has over 10 years’ experience working in Compliance related functions mainly within the iGaming industry. For the past 7 years, she has also occupied the role of the Money Laundering Reporting Officer whereby she is licensed by the UK Gambling Commission and the Malta Gaming Authority to occupy such role. In addition to her working experience, she also holds the ICA (in association with the Alliance Manchester Business School) International Diploma in Governance, Risk and Compliance, as well as the Professional Postgraduate Diploma in Governance, Risk and Compliance.
Such qualifications, along with her experience within the industry, proves vital for occupying senior positions within companies to ensure that all areas of compliance are synchronized, along with other business units and ensure that there is always a balance between compliance and commercial aspects. Her experience in these roles has allowed her to wear different hats within the organisation and ensure that information flows effectively and efficiently between all business units, from senior management to junior staff. Working with different sized companies has allowed her to implement various best practices that are customised to each company.
Why Fintelekt?
Fintelekt is an accredited Institutional Training Provider in the Philippines:
- Anti-Money Laundering Council (AMLC) (Control Reference No. ITP-0006)
- Philippines Amusement and Gaming Corporation (PAGCOR) (CAO No. ITP-2023-002)
Registration
Participation Fees: USD 50 per person (includes access to recording and Certificate of Completion)
Please click on the link below to pay online via credit/debit card and register for this workshop.