According to the Financial Intelligence Office (GIF), there has been a significant decrease in the number of suspicious money laundering and terrorist financing cases reported in 2019. The decrease to 20.8% is due to the drop in cases reported by financial and insurance institutions, as reports from financial insurance companies reduced 21.5% year-on-year to 880, and those from other entities dropped 70.8% to 148. However, the gaming sector took half of all the suspicious transaction cases reported with only an 8.3% decrease to 1,913. The Asia/Pacific Group in October last year reviewed and approved reports on Macau, and commended it for making significant improvement in correcting its anti-money laundering deficiencies highlighted in 2017.
