Macau Q1 suspicious transactions fall

Macau saw a drop in the number of suspicious transactions reported in the first quarter, mainly due to a decline from the gaming sector.

According to the Financial Intelligence Office, the total number in the period was 606, down 13.3 percent from the same period a year earlier.

Those reported by the gaming sector came to 356 compared with 507 the same quarter of 2019. Suspicious transaction reports from the gaming sector made up almost 59 percent of the total, while almost 30 percent were in the financial sector, according to the statistics. 

Macau’s casinos were closed for 15 days in February to help stop the spread of the coronavirus and while they are now open, casino volumes are minimal due to restrictions on entry to the territory. In Q1, gross gambling revenue fell 60 percent.