Cash declaration at the border considered

 

The Macau government is considering requiring visitors to declare the cash they carry across the border, according to the city’s Financial Intelligence Office, which is in charge of anti-money laundering measures. The office said that a cash declaration system was being studied but no timeframe, threshold or penalties had been determined. While analysts speculate on it’s potential negative effect, the Macau government has stated the measure is not targeted at the gaming industry.