MACAO’S AML GAMBLING CONTROLS GET TOUGHER AS AUTONOMOUS REGION FACES PRESSURE FROM CHINA FOR CLEAN-UP
October 1st, 2017
IT would be hard to design a jurisdiction with a greater exposure to money laundering than Macao. A small autonomous Chinese jurisdiction, next to the populous province of Guangzhou, which relies on a huge gambling sector for its income, it is no wonder that Macao has come under pressure from international assessors to run a tight ship regarding anti-money laundering (AML).
A recent mutual evaluation report adopted by the Asia Pacific Group on Money Laundering (APGML) at its annual meeting this July (2017) concluded that Macao is making a serious effort to ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.