Macau Considers Requiring Tourists to Declare Cash

Macau is considering a system requiring travelers to declare the cash they carry across the border, according to a government agency that sets anti-money laundering guidelines.

The world’s largest gambling hub is studying a “cross-border cash declaration system, but no timeframe, declaration threshold or penalties are determined yet at the present stage,” Deborah Ng, director of the city’s Financial Intelligence Office, said in an e-mail yesterday.