Gaming suspicious transactions prevail despite a yearly drop in Q1

Macau (MNA) – Suspicious Transaction Reports (STRs) related to the gaming sector constituted 72.5 per cent of the total of STRs reported in Macau during the first quarter of 2019, the Financial Intelligence Office (GIF) revealed.

Relevant reports submitted to the financial authority by the gaming sector amounted to 507, marking a slight decrease of 6.2 per cent, according to data published in the Office’s website this week.

Overall, the number of STRs received by the GIF, including from financial institutions and gaming operators, reached 699, representing a decrease of 23.1 per cent when compared to the same period in 2018.

The GIF stated that the drop was mainly due to the decrease in the number of STRs reported by financial institutions and insurance companies (169 or 24.2 per cent of the total) and other institutions (23 or 3.3 per cent of the total).