Macau: Beijing puppet regime launches new crackdown on financial freedom

Source: South China Morning Post [Hong Kong]

“Mainland Chinese officials have called for a crackdown on the illegal money exchange business in its casino hub of Macau in a step to further tackling illegal gambling and underground money laundering. A national-level special planning meeting aimed at drawing together resources was held by the Ministry of Public Security in Beijing last week, according to a People’s Daily report on Monday. Illegal money exchanges – unauthorised currency exchange or loan sharks – have been expanding rapidly, and often involve other illegal activities, including increasing violence, scams and smuggling that have ‘seriously affected social stability’ in the city, authorities said.” (06/03/240