Macao turns to facial recognition to fight money laundering

macau
Chinese tourists now need to verify their identities before withdrawing funds

Authorities in Macao have turned to facial recognition technology as a means of cracking down on money laundering in the gambling hub.

About 90% of the ATMs in Macao have been equipped with the “know-your-customer” function, which requires Chinese customers to verify their identity using facial recognition or ID cards, the Monetary Authority of Macao (AMCM) announced.

According to the statement, published on January 2, about 1,040 of ATMs in Macao now employ KYC techniques.

Apart from the nea

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: