Macao turns to facial recognition to fight money laundering
Chinese tourists now have to verify their identities in order to withdraw cash at most ATMs in the casino hub
Authorities in Macao have turned to facial recognition technology as a means of cracking down on money laundering in the gambling hub.
About 90% of the ATMs in Macao have been equipped with the “know-your-customer” function, which requires Chinese customers to verify their identity using facial recognition or ID cards, the Monetary Authority of Macao (AMCM) announced.
According to the statement, published on January 2, about 1,040 of ATMs in Macao now employ KYC techniques.
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