Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

Chinese authorities, in collaboration with Macau’s enforcement agencies, have successfully dismantled major illegal currency exchange operations that had been operating in and around Macau casinos. The coordinated efforts led to the detention of 252 suspects, all of whom were allegedly part of an extensive illicit trade valued at approximately CNY 3 billion (US$420.6 million). The operations were part […]