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FINANCE

Most of Macau’s ATMs Can Recognize Faces

Large cash withdrawals on bank cards in Macau have long been one of the main ways that Chinese capital gets moved offshore. In terms of value, more than half of overseas cash withdrawals on mainland-issued bank cards in recent years took place in Hong Kong and Macau, a source told Caixin. Photo: Visual China
Large cash withdrawals on bank cards in Macau have long been one of the main ways that Chinese capital gets moved offshore. In terms of value, more than half of overseas cash withdrawals on mainland-issued bank cards in recent years took place in Hong Kong and Macau, a source told Caixin. Photo: Visual China

Most of Macau’s cash machines can now recognize the faces of holders of mainland-issued bank cards, the city’s monetary authority has said, in part of its effort to crack down on money laundering.

A total of 1,040 ATMs, or around 90% of the special administrative region’s total, have been installed with a facial recognition system, the Monetary Authority of Macau said in a statement.

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