Macau Business Insight | Key Things to Know about AML/CFT on the Retail Sector

AML/CFT rules, historically linked to credit institutions, has since been extended to other sectors such as insurance, gaming, and real estate. With increased regulation, money launderers seek less scrutinized industries like retail. As a more recently AML/CFT-regulated area – at least compared to other sectors -, many retailers disregard the need to implement policies/procedures and fail to recognize their regulatory obligations, resulting in a higher vulnerability to AML/CFT risks.

In collaboration with Macau Business in their July edition, our Partner, José Leitão, and Associate, Daniela Guerreiro, highlight crucial AML/CFT considerations for Macau-based retailers to ensure compliance with local regulations.

To read more about it, click on the link below:

Key Things to Know about AML/CFT on the Retail Sector | Macau Business