An infrastructure-oriented thinktank called on the Philippine Amusement and Gaming Corp. (PAGCOR) to cancel plans of setting up POGO hubs amid recent reports of cryptocurrency fraud and human trafficking tied to the country’s burgeoning offshore gaming industry.

“This week’s string of raids on fraudulent Chinese crypto firms and human trafficking rackets should give PAGCOR pause in implementing its proposal to establish POGO hubs in different parts of the country. In the face of porous bureaucratic enforcement and the level of investment pouring into POGOs, it will not be surprising to find these hubs similar to the petty and high-level rackets seen in the Bureau of Corrections.”

This was the statement of Terry Ridon, Infrawatch PH convenor and former member of the House ICT committee.

Pogo districts, not hubs

Ridon said it is better to restrict POGOs in their already established districts at present, such as the Bay area in Pasay and Paranaque, but still in full view of the public and government agencies.

“By restricting POGOs in self-contained hubs, it will be tantamount to placing Chinese workers in ‘gambling ghettos,’ in which their activities will be left unchecked except to government agencies running the hubs. We only need to look at the BuCor hearings to know that this is not a good idea.”

Ridon said self-contained hubs gives the public the impression of granting POGOS autonomous status, or worse, granting POGOs their own ‘gambling kingdom.’

“By removing POGOs from the full view of the public, it deprives us the opportunity to subject the entire POGO industry to scrutiny, and compel foreign workers to assimilate themselves to the country.”

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Ridon said no less than the Chinese Embassy had raised concerns on the unviability of POGO hubs, particularly on issues related to fundamental rights.

Crypto fraud

“Had POGOs and its support services been placed in hubs, it would have been difficult for law enforcement to raid crypto firms engaged in cyber fraud. This was precisely what the Chinese foreign ministry had been warning about in calling for the banning of online gambling involving Chinese nationals.”

Ridon, who studied cybersecurity at the Harvard Kennedy School, said that crypto fraud in online gambling compromises the country’s financial system.

“Cryptocurrency transactions are currently not subjected to money laundering controls in the Philippines, as crypto is not considered legal tender by the Bangko Sentral ng Pilipinas (BSP Circular No. 944, series of 2017).”

Ridon said casino money laundering controls are limited only to cash transactions involving an amount in excess of Five Million Pesos (P5,000,000.00) or its equivalent in any other currency. 
Ridon said this results in cryptocurrency transactions equivalent to more than five million pesos per transaction entering-and-leaving the Philippine financial system. 

Ridon said casino money laundering controls are limited only to cash transactions involving an amount in excess of Five Million Pesos (P5,000,000.00) or its equivalent in any other currency. 
Ridon said this results in cryptocurrency transactions equivalent to more than five million pesos per transaction entering-and-leaving the Philippine financial system.