Cotai Police Action on Money Exchanges

Junket operators were the first to be targeted by Mainland China for an end to corruption and money laundering in Macau. Now, the loan sharks who tend to kidnap unpaying clients are being sought.

Police, in Cotai area, are not letting up on their crackdown against illegal money exchanges.

Macau authorities warn that they will continue to monitor and shutdown unauthorized money exchanges.

Wednesday, July 4, 2018

July 4th might have been Independence Day for the United States, but for the rest of the world it was not a holiday. In Macau, it was another day for the Judiciary Police to carry out their visits to casinos. The police have made several arrests in recent weeks as a way to keep their anti-crime policies going. Their focus is on illicit money exchange services that occur near casinos.

Wednesday’s raid was all about 13 individuals who are from mainland China. They were taken in for questioning. The arrests are part of a larger situation that happened towards the end of June, when eight people were arrested.

Sit Chong Meng, the Judiciary Police Director, stated after the June arrests that officers would continue to actively pursue the illicit money exchanges that they have been since the end of 2017. They aim to shutdown these organizations and help Cotai return to a place of fun without major crime.

Some of the mainlanders who are suspected but cannot be proven beyond a doubt have been banned from Macau for three years. They are back in China’s mainland and will be stopped at the border should they try to reach the island.

Wong Sio Chak, the security secretary for Macau, stated in May that the police force would increase their efforts to stop and eliminate the money exchanges in and around Macau’s casinos.

In 2018’s first quarter, 12 operations were raided and shutdown. Wong said the police are looking at all gaming related crimes and will ensure they eradicate it as best as possible. In Macau, illegal junket operators were targeted at the end of the first decade of the new millennium. It left the market open for land-based places to start up as long as the could stay ahead of the cops, which is why the money exchanges have been on the rise. Since 2016, five cases have been identified and there are about 18 active cases going on that have led to more than 28 arrests.

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