Macau, casino dealer

The total number of suspicious transactions received by the Macau Financial Intelligence Office during the first three quarters of 2022 was 1,677, representing a decrease of 13.4 percent as compared with the same period in 2021. 

The change was mainly due to the decrease in the number of STRs reported by the gaming sector.

Macau, suspicious transactions, report
Macau Financial Intelligence Office

STRs received from the financial sector and gaming sector constituted 36.5 percent and 51.6 percent of total respectively, whereas those received from other institutions constituted 11.9 percent.

Last week the Financial Intelligence Office (GIF) participated in the virtual “Hong Kong-Macao AML/CFT Experience Sharing Meeting” along with the Hong Kong Joint Financial Intelligence Unit (HKJFIU). 

The purpose of the meeting was to strengthen the AML cooperation mechanism between Hong Kong and Macau. 

Topics for discussion mainly focused on the latest revision of AML/CFT legal framework in Hong Kong and Macao, the overview of money laundering and terrorist financing risk assessment, recent trends of suspicious transactions with cross border nature, and case sharing, among others.