Under Administrative Regulation no. 7/2006, different government agencies and professional bodies are required to issue instructions/ guidelines to entities with obligation to carry out customer due diligence measures and report suspicious transactions.

The reporting entities are required to report suspicious transactions within 2 working days following the performance of such operations to the GIF. It is stipulated in Article 9 that non-compliance with the duties established in the Administrative Regulation constitutes an administrative offence, which will be punishable with a fine of MOP10,000 (ten thousand patacas) to MOP500,000 (five hundred thousand patacas), or MOP100,000 (one hundred thousand patacas) to MOP5,000,000 (five million patacas), depending on whether the offender is a natural or legal person.

For the time-being, suspicious transaction reports should be made by mail, addressed to:

Standard reporting forms should be used when reporting suspicious transactions (please mark your envelope as "Confidential"). The forms can be obtained from the reception counters or downloaded from the websites of relevant supervisory authorities and professional bodies, as well as the GIF.

All reporting entities should follow the instructions and guidelines issued by relevant supervisory authorities and professional bodies, establish adequate customer due diligence measures and control systems to detect suspicious transactions