Swift and simple service will be available at 1,100 ATMs across the city; plans to expand to Hong Kong in 2022.
ATM
Financial Intelligence Office Director Ng Man Seong said that the Know Your Customer (KYC) security feature installed in the city’s ATMs will enhance the government’s ability to exchange information on money laundering and suspicious transactions with the mainland authorities.
In order to protect Macau’s financial system and the interests of cardholders whose bank cards have been issued in the mainland, all ATM machines in Macau will have Know Your Customer (KYC), a compliance feature, the government announced on Monday.
Starting on Saturday the amount that China UnionPay bank card holders can withdraw from ATMs in Macau will be slashed in half.
