According to Article 6 of Law no. 2/2006 on prevention and repression of money laundering crimes, the following entities are required to establish control systems for customer due diligence purpose and report suspicious transactions when detected:
Financial institutions under the Supervision of Monetary Authority of Macao;
Entities subject to the supervision of the Gaming Inspection and Coordination Bureau, such as entities that operate games of chance, lotteries, mutual bets and promoters of games of chance in casinos;
Traders of goods of very high unit value, such as entities trading in pawned objects, precious metals, precious stones and luxury transport vehicles;
Entities engaged in intermediary activities of real estate or buying real estate for reselling purpose;
Lawyers, solicitors, notaries, registrars, auditors, accountants and tax advisers, when participating or assisting, by rendering their professional services, in the following activities:
Buying and selling of real property;
Managing of client funds, securities or other assets;
Managing of bank savings or securities accounts;
Organization of contributions necessary for the creation, operation or management of companies;
Creation, operation or management of legal persons or entities without legal personality or buying and selling of enterprises.
Providers of services, in preparing or performing
operations for a customer, within the scope
of the following activities:
Acting as an agent in forming legal persons;
Acting as a director or secretary of a company, a partner or holding of a similar position in relation to other legal persons;
Providing a registered office, business address, correspondence or administrative address for a company, or any other legal person or entities without legal personality;
Acting as a trustee;
Acting as a partner of a company on behalf of another person;
Carrying out the measures necessary for a third party to act in the manner prescribed in sub-bullets 2, 4 and 5.
