Macau introduces currency declaration bill

Legislators in Macau have approved a bill which would require incoming visitors to declare how much currency they are bringing into the country. The 33 members of Macau’s legislative assembly passed the bill in attempts to stop money launderers from funnelling money from Macau into China. Under the new legislation, travellers entering the country are required to complete a declaration form if they are in possession of MOP120,000 ($15,000) or ...