Lawmaker wants death penalty imposed against foreign drug traders

DESPITE reports about drug syndicates using casinos as venue for their illicit trade and means to launder drug money, there has been no proposal in congress to include casinos and other legitimate gambling joints in the list of covered institutions of the anti-money laundering act (AMLA).

Congress last year passed the third amendment on AMLA which expanded the list of covered institutions under the law and included foreign exchange dealers, pawnshops, money changers, remittance and transfer companies and other similar entities; pre-need companies; jewelry dealers in precious stones and metals.