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So happy to be able to hold the two new loves of my life.
—Cristiano Ronaldo in announcing birth of twin sons via surrogate
30th June 2017  
 
  Bad guys are at it again
 
The Story

A financial watchdog said that suspicious transactions reports (STRs) in Macau have skyrocketed in 2016.

 

How many are these STRs?

Macau’s Financial Intelligence Office said that it received a total of 2,321 STRs last year, up 28.4% from 2015’s total. The breakdown of the STRs are as follows: 1,546 STRs from the gaming sector, 696 STRs from financial institutions and insurance companies, and 79 STRs from ‘other institutions.’ 

 

That’s too many! Macau should strengthen its anti-money laundering policies.

Last month, Macau legislators approved amendments to laws involving the prevention and suppression of money laundering and terrorism crimes. Also, Macau set its threshold for reporting ‘large’ transactions to MOP 500k (US $62k).

 

Macau has also turned to technology to fight crime.

The roll out of ATMs with facial recognition technology is an integral part of the policy that Macau issued last month. The policy stated that Chinese tourists who are using bank cards issued on the mainland would need to subject themselves to facial scans before local ATMs would dispense any cash.

 

Takeaway

Macau should fortify its anti-money laundering safeguards to deter hooligans from doing their crimes.

 
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  FEATURED VIDEO
 
 
 
The Industry Eye – Season 2 Episode 17

In this episode of The Industry Eye, Ed Pownall talks about WSOPUKGC, CMA and social gaming (again).

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  GLOBAL ROUND UP
 
  ASIA
PAGCOR lifts suspension order vs. Resorts World Manila

State-run Philippine Amusement and Gaming Corporation (PAGCOR) has lifted the suspension order it issued against the Resorts World Manila (RWM) casino after it complied with PAGCOR’s required security and safety improvements.

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  NORTH AMERICA
PKR founder Jez San punts on blockchain-based casino

Jez San, the man behind online poker site PKR.com, is rolling out blockchain-based casino Funfair which he described as a “borderless, frictionless” and “completely browser-based” technology.

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  SOUTH AMERICA
Colombia issues first online gambling license to Wplay.co

Colombia’s Coljuegos gaming regulatory body has issued the country’s first official online gambling license to Wplay.co brand.

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  FACT YOU NEED TO KNOW
 

Binion's Horseshoe Casino is believed to be the pioneer of big-money wagering. It is also where the World Series of Poker was born.

 
  WORD OF THE DAY
 

Advance-deposit wagering: a form of gambling on the outcome of horse races in which the bettor must fund his or her account before being allowed to place bets.

 
 
 
 
 
  PRESS RELEASE
 

Breakout Gaming to launch Breakout Casino at Amsterdam Affiliate Conference

Those who will attend the Amsterdam Affiliate Conference, which will happen on July 11 to 14, are in for a treat as the Costa Rica-based iGaming company Breakout Gaming will launch its newest brand, Breakout Casino.

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  SHOUT OUT
 

Tennis fans, gather round! The 2017 Wimbledon Championships will happen on July 3 until July 16. Odds makers are putting their money on third seed Roger Federer to win his eighth Wimbledon title at +200. He is followed by defending champion Andy Murray as the +350 second choice.

 
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