According to a recent regulatory update via Arden Consult, PAGCOR (Philippine Amusement and Gaming Corporation) has started the process of enforcement of the B2B accreditation across the supply chains to the operators.
This highlights a move away from simply having a policy in place and into the implementation of enforcement processing with verification of compliance to the standards set by PAGCOR on or before March 31st for suppliers delivering iGaming products.
Through the NEW addition of enforcement processing, operators and gaming system administrators (GSA’s) are responsible for providing PAGCOR with detailed lists of their B2B vendors, and with that information, PAGCOR will cross-check the lists of all of the vendors that are operating in the licensed ecosystems of the list of operators that were provided to them by all of the vendors providing services to the operators.
As stated by Arden Consult, the new systems as implemented by PAGCOR put the operators at the center of the enforcement processing in that if there is a discovery that a vendor is unaccredited, operators may be instructed to terminate the vendor’s services, which could include issuing a cease-and-desist order.
The Arden Consult stated:
Recent regulatory developments indicate that PAGCOR is moving from policy implementation to active compliance verification.
The method by which this is executed essentially operates as a compliance filter along the supply chain, thereby operating as frontline enforcers of compliance to the PAGCOR standards. If an operator cannot prove their supply network meets PAGCOR standards, not only can the operator face penalties, but also could be provided with a disrupted service if the vendor possesses the knowledge that they were providing a product or service to an operator without being accredited through the established process.
Source link
