Financial Strategies of Crime Control in the Macau SAR

This paper provides an overview of the law in force in the Macau Special Administrative Region regarding the crime of financing of terrorism; the crime of money laundering; the crime of 'illicit enrichment'; confiscation of proceeds of crime, detection and prevention mechanisms (including namely customer due diligence, record-keeping and reporting of suspicious transactions) applicable to certain professions and businesses; and the implementation of asset freezes initiated by the United Nations' Security Council acting under Chapter VII of the UN Charter. Many of these aspects of the law were reformed in 2006