Money Laundering Through Casinos in Macau

in Business Risk

Up to 30 percent of gambling revenue in Macau is estimated to have been brought into the territory through illegal gambling channels.

Each Chinese citizen is allowed to bring up to $3,175 (20,000 Yuan). Large bettors bypass this law by purchasing an item with their debit card, immediately returning the item and receiving cash for the return.

(More money laundering statistics.)

Source: Enid Tsui, “Macau casino boom fuelled by illicit cash,” CNN, January 4, 2012.

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