Macau vows to stay vigilant on AML

Secretary for Economy and Finance Lionel Leong Vai Tac has vowed not to become complacent after being given a positive rating by the Asia Pacific Group on Money Laundering (APG) for its efforts in anti-money laundering, Macau News reports.

At the sidelines of the opening ceremony of the Youth Career Expo 2017 on Saturday, Leong told reporters that the government would continue to enhance its efforts with the aim of following the suggestions raised in the APG Mutual Evaluation Report.

Leong added that with the passage of two amendment bills on anti-money laundering measures and anti-terrorist financing this year, that he believed that it will be easier for suspects to be put away.