Macau: Legislative Assembly prepares to criminalize illegal money exchange activities
Friday 11 de October 2024 / 12:00
2 minutos de lectura
(Macau).- Legislative Assembly ready to criminalize illegal money exchange activities.
The Second Standing Committee of Macau’s Legislative Assembly has completed its discussion on the Bill on Illegal Gaming Offences, which will soon be put to a final vote after the full Legislative Assembly (AL) resumes this month.
The bill introduces a number of new laws to regulate illegal betting offences, including new provisions to allow investigators to conduct night-time and undercover searches for evidence, as well as a new statute to include “money exchange gangs” as a criminal offence.
The Chairman of the Commission, Chan Chak Mo, said the money exchange provision focuses on business whereby any person who conducts illegal currency exchange as a business and where the illegal currency exchange act is for gaming purposes will be in breach of the law.
Chan also emphasized that the bill not only covers casinos but anywhere within the city’s integrated resorts.
‘’The Government has made a lot of changes in the bill,” he said. “At the beginning it did not criminalize the illegal exchange of currency, but perhaps the situation has worsened and the government’s stance has changed.”
Chan added that the Second Standing Committee will refer the bill to the full AL as soon as possible, and that the bill will come into effect on the day following the government’s announcement after the vote.
Categoría:Legislation
Tags: Sin tags
País: Macao
Región: Asia
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.