Macau strikes on money laundering

The Macanese authorities have launched an operation against money laundering in the casino segment and have already had results.

Macau.- Money laundering is one of the main concerns of the authorities around any industry and gaming is not an exception. That’s why the Macanese government launched a fresh operation against money laundering last week and immediately had results, as the Police reported.

Twelve individuals were arrested on Saturday in Chan Chong by the Judiciary Police, responsible for dealing with casino crime, for allegedly providing illicit money exchange services. On Tuesday, a similar hit was conducted in the Cotai casino district.

“Following a series of combating operations since the beginning of this year, we haven’t really seen that these activities have got more acute,” Judiciary Police’s Mr Chan, said at a press briefing and added: “We’ve always been paying close attention to illegal money exchange services and the crimes that stem from it. We will continue to observe the criminal trend and combat these activities.”

Macanese authorities have made money laundering a main issue in their agenda as they already had well-publicised operations on the activity during the summer. Earlier this year, the Secretary for Security, Wong Sio Chak, noted that the city’s police forces were tackling the trend in order to prevent these crimes.