Brocker.Org: Macau racket involving modified China UnionPay terminals busted just after tens of millions transacted


In a single shop, detectives identified what they described as an “underground workshop” with equipment they thought was applied to modify the terminals, which were being believed to have been smuggled out of the mainland.

The whole cash price of the suspected unlawful transactions carried out via the modified terminals was continue to staying investigated, the police claimed.

Past 12 months, Portuguese information agency Lusa quoted information from the Macau police which place the price of transactions in Macau employing suspected modified UnionPay hand-held terminals at billion patacas in the 1st half of 2016. The information agency formerly noted that in 2015 the cash price of such suspected unlawful transactions was one.22 billion patacas.

Additional from the South China Early morning Article:
Singapore casino at risk of Beijing crackdown in excess of cash flight by means of prospective misuse of UnionPay community
Macau world’ssecond densest ATM hotspot
Beijing targets ATMs in Macau to cut currency flight

The arrests came a week just after the Article noted that Beijing’s crackdown on cash flight could be about to increase to Singapore amid fears that large sums of dollars might have been funneled out of the mainland in violation of China’s strict currency controls by means of casinos in the city state.

The fears centre on a casino “resort amusement” voucher plan which offers UnionPay card holders entry to gaming chips – a order which a top rated official at the People’s Financial institution of China claimed was outlawed.

The city state’s gaming watchdog, the Singapore On line casino Regulatory Authority, has continue to not commented on the report.