Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Law vs offshore outfits sought as post-POGO tasks begin

Police raided a suspected Philippine offshore gaming operator hub in a building in Parañaque City. — PHILIPPINE STAR/EDD GUMBAN

A PHILIPPINE senator on Thursday pushed for the passage of a law punishing offshore gaming companies that are linked to crimes, also citing the need to fast-track efforts by the Office of the Solicitor General (OSG) to seize properties illegally used by Philippine Offshore Gaming Operators (POGOs).

“I hope the year 2025 is the year we finally pass the Anti-POGO Act,” Senator Ana Theresia N. Hontiveros-Baraquel said in a statement. “We need a comprehensive law to ensure that no POGO scams, harms, or deceives many people.”

Senate Bill No. 2868, the “Anti-POGO Act,” is currently pending second reading in the Senate, while its counterpart House bill has so far secured committee approval.

This comes after Solicitor General Menardo I. Guevarra told reporters in a Viber message on Wednesday that his agency has been canceling fake birth certificates used by foreigners who are often linked to organized crime syndicates.

Mr. Guevarra also noted that the OSG’s “post-POGO” tasks include forfeiting illegally acquired real properties and other assets in the country.

Philippine President Ferdinand R. Marcos, Jr. earlier issued an executive order ordering the ban of POGOs due to their links to organized crime such as human trafficking. This is in line with his policy directives during his third State of the Nation Address to shut down POGOs by year-end.

Philippine Amusement and Gaming Corp. Chairman and Chief Executive Officer Alejandro H. Tengco had said that the government was on track to shut down POGO firms by year-end.

Mr. Tengco said in December that there were only 17 POGOs in operation, down from 298 licensed POGOs in 2019.

“The OSG should also work on seizing properties illegally used by POGOs,” Ms. Hontiveros said in a statement. “These properties should then be used as reparation for human trafficking victim-survivors, as stated in the Anti-Financial Account and Scamming Act.” 

Ms. Hontiveros had introduced an amendment to the Anti-Financial Account Scamming Act entailing the civil forfeiture of all properties and other non-liquid assets of individuals involved in cases of economic sabotage. Under the law, the Supreme Court will be tasked to craft rules on carrying out the proposed provision, which would include releasing a portion of the assets to the Justice department that would be used for support and protection for human trafficking victims.

“I am sure there are still foreigners out there using Philippine birth certificates in the wrong way, so I hope they can be identified and punished by law,” the senator said. “Let us be vigilant about efforts of POGO criminals to obtain Filipino citizenship by whatever means.” — John Victor D. Ordoñez

    You May Also Like

    Finance

    Homebase is set to return in a slimmed-down format after the DIY chain’s collapse last month, with its new owner CDS confirming plans to...

    Stock Markets

    When it comes to providing accommodations that have all the makings of a second home in the best Philippine destinations, Astoria Hotels and Resorts...

    Stock Markets

    Typically, any match featuring Stephen Curry and Kevin Durant would translate to compelling hoops. And, in terms of sheer drama, their meeting yesterday did...

    Stock Markets

    PHILIPPINE STAR/ EDD GUMBAN THE National Government’s (NG) budget deficit widened to P213 billion in November, as revenue collections dipped and spending accelerated, Treasury...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.