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Regulatory · Philippines · Wed 12 Aug · 3 min read

SC forfeiture rules now have teeth: audit your structure

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What happened

The Philippine Supreme Court has approved formal procedural rules creating a fast-track mechanism for government forfeiture of assets linked to POGO operations. The critical detail: forfeiture can now proceed independently of, and without waiting for, a criminal conviction. This is civil forfeiture with a defined procedural spine, giving prosecutors and the SEC a self-contained legal pathway to move against property, funds, and corporate entities tied to former POGO operators.

The POGO ban itself was announced in mid-2024. These SC rules are the operational infrastructure that makes enforcement real. Before these rules, the absence of a formal procedure created friction and delay. That friction is now removed.

Why it matters

Sources: Google News

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