Feb 10, 2016,
  Analysis
  art
  Business
  CEO Profile
  Economy & finance
  Editorial
  Education
  Features
  Gaming
  Greater China
  hospitality
  MB Report
  MICE
  News in brief
  Opinion
  Pearl River Delta
  Politics & diplomacy
  Property
  research
  Retail
  society
  Sponsored Articles
  Statistics
  Technology
  Tourism
  Transport
ISSUE 141 - Jan  2014
 
 
The Macau property market is changing. Vote. What is your opinion on likely price fluctuations for the second half of this year?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 10 percent
 
 

Cross-border cash flow controls mooted: report


Posted: 7/5/2013 12:24:15 PM
Rating:     0% ( votes)
  

Financial Intelligence Office director Deborah Ng Man Seong says the government is considering a new arrangement for declaring cash when crossing the border, reports the Portuguese news agency Lusa.

Lusa quoted Ms Ng as saying the government was “analysing the feasibility of implementing a declaration or notification requirement” of certain amounts to meet recommendations by the international Financial Action Task Force on Money Laundering.

There is no schedule in place for introducing the changes.

Ms Ng said although money laundering was a crime here, there was no criminal sanction for failing to declare funds carried across the border or for lying to officials.

Beijing bans mainlanders from bringing more than RMB20,000 (MOP26,000) into Macau.



Other Macau Latest News

Sands China pays employees 13th month bonus today

Gaming company also announces increase in pay for its staff on March 1

Casino takings seemingly immune to UnionPay curbs

But prospect of more restrictions a cause of jitters, Union Gaming says

Govt suspends sale of live poultry until Feb 7

After bird flu virus found in poultry for sale in Patane temporary market

TurboJET woos higher-paying passengers with lounge

After ferry operator detects growing demand for luxury on HK-Macau voyages
Headlines

Top court upholds govt repossession of land

Rejects challenges by former holders of a plot on Taipa and two other plots

Galaxy Entertainment to top-up employee bonuses

Gaming company giving what it calls a special gift to mollify grumpy staff

Court rejects Pearl Horizon land tenure extension

Says Polytex challenge to govt’s repossession of site has no valid grounds

Macau drops to 37th in Index of Economic Freedom

Heritage Foundation and Wall Street Journal detect less monetary freedom

No Comments

No comments yet.

Sorry, the comment form is closed at this time.

1. Melco Crown to pay staff Lunar New Year bonuses
2. Galaxy Entertainment to pay performance bonuses
3. SJM Hldgs reportedly seeks loan for Lisboa Palace
4. Wells Fargo lowers January gaming revenue forecast
5. Central govt aid promised if visitor tally plunges
 
 US
DJIA
Nasdaq 4,268.76 N/A
S&P 500 1,852.21 N/A
 Europe
DJ Stoxx 50 2,811.80 N/A
DAX 9,092.88 N/A
FTSE 100 5,693.31 N/A
 Asia
Nikkei 225 15,713.39 N/A
Hang Seng 19,288.17 N/A
STRAITS TIMES INDEX 2,582.10 N/A
S&P/ASX 200 4,775.70 N/A
More >>
  Home The Magazine Subscribe Advertising Events MB Specials Contact Us  
Copyright © Macau Business 2010. All rights reserved.