Macau Authorities, UnionPay Target Illegal Transactions - Presented by: The Aol. On Network

Macau officials and China's state-backed payment card network have cracked down on the use of bogus transactions to circumvent China's exchange controls for gambling in the territory. The crackdown follows a Reuters special report in March that highlighted the illegal use of UnionPay cards to obtain cash through fake purchases of goods in Macau to evade China's strict currency-export controls.



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