In the latest attempt to crackdown on money-laundering, Macau banks are requiring some merchants to upgrade Union Pay terminals to ones that contain ID readers, local media reports.
The merchants affected are mostly jewelry stores and pawnshops.
As well as this, Mainland customers using UnionPay credit cards are now required to produce identity cards or passports when shopping in Macau.
According to The Standard, the Association of Gaming and Entertainment Promoters in Macau president Kwok Chi-chung confirmed that shops in sensitive areas were required to authenticate the identity of UnionPay card holders.
Kwok said he did not believe the latest measure will have an affect on the gaming industry.
However, the moves could help the gaming hub tackle money laundering, said Hong Weng-kuan, a Macau lawyer, quoted by The Standard.
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