The Financial Intelligence Office has revealed that suspicious money laundering and terrorist financing transactions dropped 8.3 per cent year-on-year in 2019.<\/p>\n\n\n\n\n\n\n\n
Macau.- Macau\u2019s gaming operators filed 1913 reports of suspicious transactions to the city\u2019s Financial Intelligence Office last year. The number represents a fall of 8.3 percent year-on-year; in 2018 operators reported 2087 reports.<\/p>\n\n\n\n
The Office attributed the decrease to fewer transactions reported by financial or insurance institutions \u2013 which saw reports fall 21.5 per cent year-on-year to 880 \u2013 and with reports by other entities falling 70.8 per cent to 148.<\/p>\n\n\n\n
In October of last year, the Asia\/Pacific Group on Money Laundering (APG) announced that its report on Macau had been reviewed and approved by all members of the group, with the SAR considered to have made good progress in addressing its anti-money laundering “deficiencies”.<\/p>\n\n\n\n
The report indicated that Macau has made good progress in “addressing the technical compliance deficiencies identified in its 2017 mutual evaluation report, including through drafting revised legislation and guidelines”, which in turn has seen it be upgraded on three Financial Action Task Force (FATF) recommendations.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Financial Intelligence Office has revealed that suspicious money laundering and terrorist financing transactions dropped 8.3 per cent year-on-year in 2019.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Financial Intelligence Office reported an 8.3% year-on-year decrease in suspicious transaction reports (STRs) in 2019, with gaming operators filing 1,913 reports. This decline coincides with Macau's positive assessment by the Asia\/Pacific Group on Money Laundering (APG) for progress in addressing anti-money laundering (AML) deficiencies. The SAR has been upgraded on three Financial Action Task Force (FATF) recommendations due to revised legislation and guidelines.","focusai_entities":"Financial Intelligence Office, Asia\/Pacific Group on Money Laundering (APG), Financial Action Task Force (FATF)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), tech_data (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on GGR?","query":"How might Macau's improved AML compliance standing and the reported decrease in STRs influence future GGR projections and capital flows within the gaming sector?"},{"label":"Regulatory Framework Evolution?","query":"What specific revisions to Macau's AML legislation and governance frameworks were implemented to achieve the APG's positive assessment, and what further enhancements are anticipated?"}],"footnotes":""},"categories":[160,16338,439],"tags":[512,4503,257],"class_list":["post-2239","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-east-asia-news","category-legal-news","tag-gaming","tag-legal","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2239"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2239\/revisions"}],"predecessor-version":[{"id":2262,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2239\/revisions\/2262"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}