China flags US$326mln Macau-funds gang jailing as warning
Chinese authorities have flagged eight “classic” finance-related criminal prosecutions on the mainland, one of them involving up to CNY2.3 billion (US$325.6 million currently) being exchanged in Macau, including for Hong Kong dollars. That case saw alleged misuse within Macau of point-of-sale (POS) terminals to evade cross-border currency exchange limits. The information was in a joint press release by China’s State Administration of Foreign Exchange, and the country’s Supreme People’s Procurato
