To illustrate the relationship of AMLC and PAGCOR, we have the inverted triangle method of supervision. We have the AMLC on one corner, and the supervising agencies, that is, the Bangko Sentral ng Pilipinas, the Insurance Commission, the Securities and Exchange Commission, the heads of which form the Council, on the other corner.
1/2  BIS central bankers' speeches  Then we have PAGCOR as the agency that supervises the casinos’ compliance with their respective Money Laundering and Terrorist Financing Prevention Programs. The AMLC, in turn, ensures that PAGCOR complies with their duties over casinos on anti-money laundering and counter-terrorism financing matters.