{"id":6450,"date":"2020-05-14T11:23:20","date_gmt":"2020-05-14T11:23:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=6450"},"modified":"2026-04-24T05:15:25","modified_gmt":"2026-04-24T08:15:25","slug":"macau-gaming-money-laundering","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-money-laundering","title":{"rendered":"Macau to co-chair anti-money laundering group"},"content":{"rendered":"\n<p>Director of the Macau Financial Intelligence Office will co-chair the Asia Pacific Joint Group by International Money Laundering Organisation.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Macau is to play a central role in efforts to curb anti-money laundering internationally. <\/p>\n\n\n\n<p>Director of the Financial Intelligence Office (GIF), Connie Chu Un I, has been appointed as Co-Chair of the Asia\/Pacific Joint Group by International Anti-Money Laundering Organisation.<\/p>\n\n\n\n<p>According to reports from the<em><strong> MNA agency<\/strong><\/em>, the decision was approved by all members of the Financial Action Task Force (FATF), the international anti-money laundering\/counter-terrorist financing (AML\/CFT) standard-setting body.<\/p>\n\n\n\n<p>The Co-Chairs will report to the ICRG Co-Chairs regularly about the progress of regional members, with FATF members then deciding whether or not the members should remain on the watch list.<\/p>\n\n\n\n<p>The GIF Legal Counsel has been previously appointed as the Co-Chair of the Ad Hoc Working Group on FATF Issues of the Asia\/Pacific Group on Money Laundering between 2010 and 2013.<\/p>\n\n\n\n<p><a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-money-laundering-gaming\"><em><strong>The Financial Intelligence Office has recently revealed that the number of suspicious money laundering<\/strong><\/em><\/a> or terrorism financing transactions reported by gaming operators in Macau in 1Q20 has dropped by 30 per cent year-on-year to 356 reports.<\/p>\n\n\n\n<p>In October 2019, the Asia\/Pacific Group on Money Laundering (APG)&nbsp;said the city was considered to have made good progress in addressing its anti-money laundering \u2018deficiencies\u2019.<\/p>\n\n\n\n<p>The report indicated that Macau has made good progress in \u2018addressing the technical compliance deficiencies identified in its 2017 mutual evaluation report, including through drafting revised legislation and guidelines\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Director of the Macau Financial Intelligence Office will co-chair the Asia Pacific Joint Group by International Money Laundering Organisation.<\/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 is set to assume a pivotal role in global anti-money laundering (AML) efforts, with Connie Chu Un I, Director of the Financial Intelligence Office (GIF), appointed Co-Chair of the Asia\/Pacific Joint Group by International Anti-Money Laundering Organisation. This decision, approved by the Financial Action Task Force (FATF), underscores Macau's progress in addressing AML deficiencies, despite a 30% year-on-year drop in suspicious transaction reports from gaming operators in 1Q20.","focusai_entities":"Connie Chu Un I, Macau Financial Intelligence Office (GIF), Asia\/Pacific Joint Group by International Anti-Money Laundering Organisation, MNA agency, Financial Action Task Force (FATF), ICRG, Asia\/Pacific Group on Money Laundering (APG)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), tech_data (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau AML Impact?","query":"What are the specific implications of Macau's enhanced role in the Asia\/Pacific Joint Group for gaming operators' AML compliance frameworks and operational costs?"},{"label":"STR Reduction Analysis?","query":"How should the reported 30% reduction in suspicious transaction reports from Macau gaming operators in 1Q20 be interpreted in the context of increased international AML scrutiny and improved compliance?"}],"footnotes":""},"categories":[160,16338,156],"tags":[257,337],"class_list":["post-6450","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-east-asia-news","category-regulation-news","tag-macau","tag-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6450","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=6450"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6450\/revisions"}],"predecessor-version":[{"id":777018052,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6450\/revisions\/777018052"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}