Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Law vs offshore outfits sought as post-POGO tasks begin

by
January 2, 2025
in Top News
0
Law vs offshore outfits sought as post-POGO tasks begin
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter
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

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
PBEd seeks oversight mechanism for state funds, cites learning crisis

PBEd seeks oversight mechanism for state funds, cites learning crisis

Recommended

Feasibility study to take 2 years for ports servicing wind industry

Feasibility study to take 2 years for ports servicing wind industry

September 29, 2024
Back-to-basics space slasher

Back-to-basics space slasher

August 15, 2024
Emancipation comes for Pampanga farmers

Emancipation comes for Pampanga farmers

December 22, 2024
Rats learn to drive miniature cars and show enjoyment, study finds

Rats learn to drive miniature cars and show enjoyment, study finds

November 20, 2024
Wimbledon Insights: Match Predictions Based on Players’ Past Performance and Court Surfaces

Wimbledon Insights: Match Predictions Based on Players’ Past Performance and Court Surfaces

November 12, 2024
Remulla takes oath as DILG chief

Remulla takes oath as DILG chief

October 8, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) 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.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved