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Macau money laundering cases on the rise

Macau authorities registered 910 cases of transactions between parties suspected of money laundering up to June this year, according to the Financial Intelligence Office (GIF) of Macau. This figure represents a rise of 3.8 percent compared to 2014.

According to the data, the gaming industry is the sector responsible for most cases at 682, which represents 74.9 percent of the total, followed by the financial sector, banking and insurance companies.

The figure has been rising since 2007, having peaked in 2012 when 1,840 cases were registered. The number dipped in 2013, only to rise again with a total of 1,812 cases.

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