Macao Country Report
The involvement of organised criminal groups in the gaming sector underscores challenges facing Macau's anti-corruption efforts. Risks are increased as Macau's gaming revenue continues to fall, partly because of economic moderation in mainland China. Crime linked to the gaming sector increased by 14.1% y/y in the first quarter of 2019. Kidnapping has risen by 34.4%, with loan-sharking groups kidnapping individuals inside casinos. In September 2017, a Macanese gaming company proposed a USD500-million cryptocurrency initial coin offering (ICO) backed by former triad leader Wan Kuok-koi. Separately, basic infrastructure of the territory has been substantially upgraded since the return to Chinese sovereignty in 1991 and will continue to receive further investment from China.
Terrorism risk is negligible in Macau, with no known non-state armed groups operating in or from the territory.
Despite the tightening of anti-money laundering rules – for instance, by making compliance and due diligence operational obligations – multinationals are likely to face a moderate risk from money-laundering activities. In addition, companies involved in the gaming and financial services are facing increasing risk from cyber crimes.
None of mainland China's potential adversaries will probably target Macau in a military conflict, and Macau's government faces no violent domestic threats.