Fit and Proper Framework

This Fit and Proper Framework is applicable to the junket operators, its key persons or the management, and the individuals who have controlling interest, as well as to those who exercise significant power or discharge certain responsibilities on behalf of the junket operator/ key persons.All individuals with the responsibility for the management and control of the junket operations, and the key persons must prove and assure PAGCOR that they comply with the fit and proper test.

Legal Basis and Purpose

PAGCOR Anti-Money Laundering Supervision and Enforcement (PASED) Regulatory Order No. RO-2022-06-001 or the “Casino Guide for Fitness and Propriety Assessment for Junket Operators”

Purpose: To aid the land-based casinos in their obligation to assess the fitness and propriety nature of its junket or chip washing operators, its associates / agents / promoters, and applicants for junket operations.

PASED-1571 – Fitness and Propriety Assessment Questionnaire (FPAQ)

Confidentiality, Disclosure and Maintenance of Information:

1. All records of the documents to be kept by BDD and AMLCO should be:

   1. Maintained in a digitized, organized, and confidential manner, and would allow the AMLC and PAGCOR to establish an audit trail for money laundering and terrorist financing (ML/TF) activities; and

   2. Safely stored for at least 5 years

2. The records should be readily available upon request of PAGCOR

3. All information submitted, including documentation, will be maintained in a strictly confidential manner. Disclosure of information internally will, therefore be restricted.