Jun 06, 2014 Newsdesk Latest News, Macau, Top of the deck  
Suspicious transaction reports by Macau casinos fell by 14.3 percent last year, the city’s Financial Intelligence Office said in its latest update.
The city’s gaming sector remains the main source for such transaction reports, accounting for 1,138 cases, or 71.3 percent of the total. Most of the other cases were in the banking or insurance sectors.
Casinos in Macau are also required to report to the Gaming Inspection and Coordination Bureau high value transactions worth over MOP500,000 (US$62,615).
The number of cases of suspicious transactions sent by the Financial Intelligence Office to the Public Prosecutions Office for further investigation dropped to 147 from 166, according to the office’s latest newsletter.
The number of reports actually investigated remains just a small fraction of the total number of suspicious transaction reports. The office passed on to the prosecutors 9.2 percent of all reports received last year.
The Financial Intelligence Office said when non-casino cases were taken into account, it received a total of 1,595 reports in 2013, 13.3 percent fewer than a year before. There were 1,840 suspicious transaction reports overall in 2012.
Feb 26, 2021
Feb 23, 2021
Feb 26, 2021
Feb 25, 2021
Feb 26, 2021
Melco Resorts and Entertainment Ltd said group-wide adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) were back on positive ground in the fourth quarter of...
(Click here for more)
US$129.0 million
Adjusted EBITDA reported by Macau casino operator Galaxy Entertainment for the fourth quarter of 2020