Macau: suspicious transactions reports fall 24% in 2020

Macau: suspicious transactions reports fall 24% in 2020

The gaming industry filed 1,215 STRs in Macau in 2020, accounting for 54.6 per cent of all reports.

Macau.- The Macau Financial Intelligence Office has reported a 24 per cent drop year-on-year in the number of suspicious transaction reports (STRs) filed in the city in 2020.

The office received 2,224 reports last year, down from 2,941 in 2019.

The number of reports from the gaming industry in particular fell by 36.4 per cent year-on-year to 1,215 STRs in 2020.

Reports related to the gaming sector accounted for 54.6 per cent of all reports, down from 65 per cent in 2019. It’s the second year that numbers have dropped, with a drop of 8.3 per cent in 2019.

Financial and insurance institutions accounted for 667 reports (30.4 per cent of all reports), down from 880 in 2019 but close to the same proportion of overall reports.

Reports pertaining to other sources more than doubled, from 148 in 2019 to 332 in 2020. These accounted for about 15 per cent of all STRs of 2020, the Financial Intelligence Office reported.

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